Chesapeake Utilities Corporation (CPK)
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 | 787,291 | 757,626 | 729,035 | 698,526 | 670,604 | 672,569 | 672,075 | 675,952 | 680,703 | 653,768 | 630,050 | 601,662 | 569,969 | 546,642 | 540,726 | 526,695 | 488,218 | 483,153 | 474,360 | 508,212 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 74,685 | 1,871,180 | 1,836,700 | 1,810,470 | 57,275 | 1,773,800 | 1,755,380 | 1,744,880 | 1,699,710 | 1,682,910 | 1,646,210 | 1,601,180 | 1,567,350 | 1,525,360 | 1,491,730 |
| Fixed asset turnover | — | — | — | — | — | 9.01 | 0.36 | 0.37 | 0.38 | 11.41 | 0.36 | 0.34 | 0.33 | 0.32 | 0.32 | 0.32 | 0.30 | 0.31 | 0.31 | 0.34 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $787,291K ÷ $—K
= —
The fixed asset turnover ratio measures a company's ability to generate sales from its investment in fixed assets such as property, plant, and equipment. A higher ratio indicates more efficient utilization of fixed assets to generate revenue.
Analyzing the fixed asset turnover of Chesapeake Utilities Corporation over the period from March 31, 2020, to December 31, 2024, we observe fluctuations in the ratio. The ratio ranged from 0.30 to 11.41 during this period.
Between March 2020 and June 2022, the ratio remained relatively stable, fluctuating between 0.30 to 0.36. This indicates that the company was generating approximately $0.30 to $0.36 in sales for every dollar invested in fixed assets during this period.
A significant spike in the fixed asset turnover to 11.41 and 9.01 in September 2022 and September 2023, respectively, could be attributed to irregularities in data recording or external factors affecting sales and asset base.
The absence of data for the fixed asset turnover from December 31, 2023, onwards makes it challenging to provide a complete analysis for the later period. It is crucial to consider the reasons behind the sudden spikes and missing data points to accurately assess Chesapeake Utilities Corporation's efficiency in utilizing fixed assets to generate revenue.
Peer comparison
Dec 31, 2024