Chesapeake Utilities Corporation (CPK)
Total 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 |
| Total assets | US$ in thousands | 3,577,000 | 3,304,700 | 2,215,040 | 2,114,870 | 1,932,490 |
| Total asset turnover | 0.22 | 0.20 | 0.31 | 0.27 | 0.25 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $787,200K ÷ $3,577,000K
= 0.22
Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its assets. In the case of Chesapeake Utilities Corporation, we can observe fluctuations in its total asset turnover over the years.
The total asset turnover of Chesapeake Utilities Corporation was 0.25 as of December 31, 2020, indicating that the company generated $0.25 in revenue for every dollar of assets it had. This ratio increased to 0.27 by December 31, 2021, suggesting a slight improvement in asset utilization.
By December 31, 2022, the total asset turnover further improved to 0.31, reflecting the company's ability to generate more revenue for each dollar of assets invested. However, there was a significant decline in the ratio to 0.20 by December 31, 2023, which could imply challenges in efficiently utilizing its assets to generate revenue.
As of December 31, 2024, the total asset turnover ratio slightly recovered to 0.22, indicating a partial improvement in asset efficiency compared to the previous year. Overall, Chesapeake Utilities Corporation's total asset turnover has shown fluctuations, with periods of improvement and decline, highlighting the importance of monitoring and managing asset utilization to support revenue generation.
Peer comparison
Dec 31, 2024