California Water Service Group (CWT)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	747,613	735,174	747,860	761,503	804,187	797,818	769,379	775,750	750,020	819,771	805,304	766,295	755,324	656,603	650,604	644,504	626,578	622,617	615,748	621,513
Total assets	US$ in thousands	4,595,530	4,041,360	3,990,200	3,886,860	4,264,810	3,806,400	3,682,750	3,639,240	3,623,270	3,679,690	3,548,750	3,471,470	3,394,250	3,506,430	3,359,930	3,240,840	3,111,310	3,023,250	2,964,600	2,900,660
Total asset turnover		0.16	0.18	0.19	0.20	0.19	0.21	0.21	0.21	0.21	0.22	0.23	0.22	0.22	0.19	0.19	0.20	0.20	0.21	0.21	0.21

December 31, 2023 calculation

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

The total asset turnover ratio for California Water Service Group has shown a decreasing trend over the past eight quarters, declining from 0.22 in Q1 2022 to 0.17 in Q4 2023. This indicates that the company is generating less revenue for each dollar of assets it holds over time.

A lower total asset turnover ratio may suggest inefficiency in asset utilization or potential operational challenges that are impacting the company's ability to generate sales from its assets. It is important for the company to closely monitor and address the factors contributing to this decreasing trend to improve profitability and efficiency in the future.