American States Water Company (AWR)

Total 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
Total assets US$ in thousands 2,500,210 2,420,620 2,348,320 2,292,900 2,246,120 2,205,230 2,139,640 2,060,370 2,034,370 1,982,580 1,949,650 1,913,930 1,900,980 1,874,800 1,842,360 1,792,820 1,791,600 1,726,420 1,697,970 1,660,890
Total asset turnover 0.24 0.24 0.24 0.25 0.27 0.27 0.27 0.26 0.24 0.24 0.25 0.26 0.26 0.27 0.27 0.28 0.27 0.28 0.28 0.29

December 31, 2024 calculation

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

American States Water Company's total asset turnover has been steadily declining over the past few years, from 0.29 in March 2020 to 0.24 in December 2024. This indicates that the company's efficiency in generating sales from its total assets has been decreasing. A lower total asset turnover ratio could suggest inefficiency in asset utilization, excess inventory, or stagnating sales relative to the asset base. It is important for the company to closely monitor and address the factors contributing to this decline to improve operational efficiency and financial performance in the future.