Chesapeake Utilities Corporation (CPK)
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 | 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 |
| Total assets | US$ in thousands | 3,577,000 | 3,467,190 | 3,380,750 | 3,331,880 | 3,304,700 | 2,240,750 | 2,204,490 | 2,197,550 | 2,215,040 | 2,157,420 | 2,117,340 | 2,109,630 | 2,114,870 | 2,021,830 | 1,972,340 | 1,953,950 | 1,932,490 | 1,888,090 | 1,822,180 | 1,788,220 |
| Total asset turnover | 0.22 | 0.22 | 0.22 | 0.21 | 0.20 | 0.30 | 0.30 | 0.31 | 0.31 | 0.30 | 0.30 | 0.29 | 0.27 | 0.27 | 0.27 | 0.27 | 0.25 | 0.26 | 0.26 | 0.28 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $787,291K ÷ $3,577,000K
= 0.22
The total asset turnover of Chesapeake Utilities Corporation has shown fluctuation over the period from March 31, 2020, to December 31, 2024. The ratio ranged from a low of 0.20 to a high of 0.31 during this period.
The ratio indicates that for each dollar of total assets the company possessed, it generated between $0.20 and $0.31 of revenue. Overall, the trend suggests that the company has been relatively efficient in utilizing its assets to generate revenue, although there was a slight decline in asset turnover towards the end of 2023.
It is important for the company to monitor and potentially improve this ratio, as a higher total asset turnover typically indicates better efficiency in utilizing assets to generate sales. Further analysis of the company's operations and industry benchmarks may provide insights into the factors influencing the fluctuations in total asset turnover.
Peer comparison
Dec 31, 2024