California Water Service Group (CWT)

Total asset turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 747,613 804,187 749,273 755,324 626,488
Total assets US$ in thousands 4,595,530 4,264,810 3,623,270 3,394,250 3,111,310
Total asset turnover 0.16 0.19 0.21 0.22 0.20

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $747,613K ÷ $4,595,530K
= 0.16

The total asset turnover of California Water Service Group has exhibited a decreasing trend over the past five years, declining from 0.23 in 2019 to 0.17 in 2023. This ratio indicates that the company generates $0.17 in revenue for every dollar of total assets.

A lower total asset turnover may suggest that the company is less efficient in utilizing its assets to generate sales. It could indicate issues such as excess inventory, underutilized assets, or inefficient operations.

Further analysis is necessary to determine the reasons behind the declining total asset turnover and to assess the overall efficiency and performance of California Water Service Group in utilizing its assets effectively to drive revenue generation.


Peer comparison

Dec 31, 2023