Chesapeake Utilities Corporation (CPK)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 787,200 | 670,604 | 680,704 | 569,968 | 488,198 |
| Property, plant and equipment | US$ in thousands | — | — | 1,810,470 | 1,744,880 | 1,601,180 |
| Fixed asset turnover | — | — | 0.38 | 0.33 | 0.30 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $787,200K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investment in fixed assets. In the case of Chesapeake Utilities Corporation, the trend in fixed asset turnover over the past few years has shown improvement.
In 2020, the fixed asset turnover was 0.30, indicating that the company generated $0.30 in revenue for every dollar invested in fixed assets. This ratio increased to 0.33 in 2021 and further to 0.38 in 2022, reflecting a positive trend in efficiency and utilization of fixed assets.
However, it is noteworthy that data for 2023 and 2024 is not available (denoted by "—"), which limits our ability to fully assess the company's recent performance in terms of fixed asset turnover.
Overall, the increasing trend in fixed asset turnover from 2020 to 2022 suggests that Chesapeake Utilities Corporation has been more effective in generating revenue from its fixed assets over the period under review. It would be important to monitor this ratio in subsequent years to assess the company's ongoing efficiency in utilizing its fixed assets.
Peer comparison
Dec 31, 2024