American States Water Company (AWR)

Total 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
Total assets	US$ in thousands	2,500,210	2,246,120	2,034,370	1,900,980	1,791,600
Total asset turnover		0.24	0.27	0.24	0.26	0.27

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $595,459K ÷ $2,500,210K
= 0.24

American States Water Company's total asset turnover has been relatively stable over the past five years, ranging from 0.24 to 0.27. This ratio indicates that for every dollar of total assets the company holds, it generated between $0.24 to $0.27 of revenue. A declining trend in total asset turnover may suggest inefficiencies in asset management or underutilization of resources. Conversely, an increasing trend could signify improved efficiency in utilizing assets to generate revenue. In this case, while the ratio fluctuates slightly, overall, the company's ability to generate revenue from its total assets has remained consistent over the period analyzed.