American Water Works (AWK)

Total asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	4,215,000	4,124,000	4,030,000	3,872,000	3,785,000	4,558,000	4,576,000	4,636,000	4,676,000	3,922,000	3,902,000	3,820,000	3,786,000	3,724,000	3,663,000	3,637,000	3,606,000	3,556,000	3,517,000	3,488,000
Total assets	US$ in thousands	30,298,000	29,818,000	29,496,000	28,286,000	27,787,000	27,126,000	26,574,000	25,694,000	26,075,000	25,333,000	24,952,000	24,525,000	24,766,000	24,394,000	24,009,000	23,546,000	22,682,000	22,238,000	21,854,000	21,464,000
Total asset turnover		0.14	0.14	0.14	0.14	0.14	0.17	0.17	0.18	0.18	0.15	0.16	0.16	0.15	0.15	0.15	0.15	0.16	0.16	0.16	0.16

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,215,000K ÷ $30,298,000K
= 0.14

The total asset turnover for American Water Works Co. Inc. has remained relatively stable over the past eight quarters, ranging between 0.14 and 0.15. This indicates that the company generates $0.14 to $0.15 in revenue for every dollar of total assets it has.

A total asset turnover ratio of 0.14 to 0.15 suggests that American Water Works is efficiently utilizing its assets to generate revenue. A stable ratio over time can indicate consistent operational efficiency and effective asset management within the company. However, it is important to compare this ratio with industry benchmarks to assess performance relative to peers.

Overall, the consistent total asset turnover ratio for American Water Works Co. Inc. implies that the company is effectively managing its assets to generate revenue, which is a positive indicator of operational efficiency.