American States Water Company (AWR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 595,459 | 595,699 | 491,528 | 498,853 | 488,243 |
| Property, plant and equipment | US$ in thousands | 2,099,620 | 1,892,280 | 1,753,770 | 1,626,000 | 1,512,040 |
| Fixed asset turnover | 0.28 | 0.31 | 0.28 | 0.31 | 0.32 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $595,459K ÷ $2,099,620K
= 0.28
The fixed asset turnover ratio of American States Water Company has been relatively stable over the five-year period from December 31, 2020, to December 31, 2024. The ratio measures how efficiently the company generates revenue from its fixed assets.
The trend indicates a slight decline in the ratio from 0.32 in December 31, 2020, to 0.28 by December 31, 2022. This could suggest a decrease in the company's ability to generate sales from its fixed assets during this period. However, the ratio improved to 0.31 by December 31, 2023, before dropping back to 0.28 by December 31, 2024.
Overall, the fluctuation in the fixed asset turnover ratio may indicate changes in the company's asset utilization efficiency over time. Further analysis of the company's operational performance and asset management strategies would be necessary to understand the reasons behind the variations in the ratio and to assess the company's effectiveness in utilizing its fixed assets to generate revenue.
Peer comparison
Dec 31, 2024