American States Water Company (AWR)

Fixed asset turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 595,459 577,541 567,455 569,527 595,699 595,886 579,174 544,381 491,528 482,785 484,556 490,363 498,853 506,429 503,362 496,226 488,243 477,036 477,844 481,213
Property, plant and equipment US$ in thousands 2,099,620 2,040,590 1,981,640 1,933,690 1,892,280 1,850,470 1,814,060 1,780,460 1,753,770 1,718,150 1,683,490 1,649,860 1,626,000 1,594,550 1,570,630 1,542,420 1,512,040 1,479,110 1,456,400 1,432,400
Fixed asset turnover 0.28 0.28 0.29 0.29 0.31 0.32 0.32 0.31 0.28 0.28 0.29 0.30 0.31 0.32 0.32 0.32 0.32 0.32 0.33 0.34

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $595,459K ÷ $2,099,620K
= 0.28

The fixed asset turnover for American States Water Company has been gradually declining over the years, from 0.34 in March 2020 to 0.28 in December 2024. This ratio indicates that the company is generating $0.28 in revenue for every $1 invested in fixed assets by the end of 2024. The decreasing trend suggests that the company may not be effectively utilizing its fixed assets to generate sales and may need to review its operational efficiency and asset management strategies. It is important for the company to closely monitor this trend and consider implementing measures to improve the efficiency of its fixed asset utilization.