California Water Service Group (CWT)

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	1,036,806	1,029,123	984,536	934,281	794,632	781,057	792,388	804,538	846,431	818,820	809,236	816,165	790,909	806,735	854,120	816,481	794,307	782,033	710,462	714,009
Total assets	US$ in thousands	5,180,280	5,014,910	4,871,240	4,780,830	4,700,850	4,041,360	3,990,200	3,886,860	3,850,750	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
Total asset turnover		0.20	0.21	0.20	0.20	0.17	0.19	0.20	0.21	0.22	0.22	0.22	0.22	0.22	0.22	0.24	0.24	0.23	0.22	0.21	0.22

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,036,806K ÷ $5,180,280K
= 0.20

The total asset turnover of California Water Service Group has been relatively stable over the past few years, ranging between 0.17 and 0.24. This ratio indicates how efficiently the company is utilizing its total assets to generate revenue. A higher total asset turnover generally implies better asset utilization efficiency.

From the data provided, we can see that the total asset turnover increased slightly from 0.22 in March 2020 to 0.24 in March 2021 before stabilizing around 0.22 from September 2021 to December 2024. However, there was a slight decline towards the end of the period, dropping to 0.20 in June 2024.

Overall, despite some fluctuations, the total asset turnover of California Water Service Group has remained within a relatively narrow range, indicating a consistent level of efficiency in generating revenue from its total assets.