California Water Service Group (CWT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,036,810 | 794,632 | 846,431 | 790,909 | 794,307 |
| Total assets | US$ in thousands | 5,180,280 | 4,595,530 | 3,850,750 | 3,623,270 | 3,394,250 |
| Total asset turnover | 0.20 | 0.17 | 0.22 | 0.22 | 0.23 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,036,810K ÷ $5,180,280K
= 0.20
The total asset turnover of California Water Service Group has exhibited a decreasing trend over the past five years, declining from 0.23 in December 2020 to 0.20 in December 2024. This ratio indicates that for every dollar of total assets the company holds, it generated 20 cents of revenue in 2024, reflecting a decrease in efficiency in utilizing its assets to generate sales. The decreasing trend in total asset turnover may suggest potential issues with asset management and efficiency in revenue generation, which could warrant further analysis and improvement strategies.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
California Water Service Group
CWT
0.20
American States Water Company
AWR
0.24
American Water Works
AWK
0.14
Essential Utilities Inc
WTRG
0.12
Middlesex Water Company
MSEX
0.15
SJW Group Common Stock
SJW
0.38