H2O America (HTO)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 748,439 | 670,363 | 620,698 | 573,686 | 564,526 |
| Total assets | US$ in thousands | 4,658,310 | 4,345,070 | 3,755,060 | 3,492,400 | 3,311,460 |
| Total asset turnover | 0.16 | 0.15 | 0.17 | 0.16 | 0.17 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $748,439K ÷ $4,658,310K
= 0.16
The analysis of H2O America's total asset turnover ratio from December 31, 2020, through December 31, 2024, reveals relatively consistent efficiency in utilizing its total assets to generate revenue. The ratio stood at 0.17 in 2020, experienced a slight decline to 0.16 in 2021, and remained steady at 0.17 in 2022. In 2023, the ratio decreased further to 0.15, indicating a marginal reduction in asset utilization efficiency. By 2024, the ratio increased slightly back to 0.16, suggesting a modest improvement but not to previous levels observed in 2020 and 2022. Overall, the trend demonstrates stability with minimal fluctuations, reflecting a relatively constant capacity of H2O America to translate its asset base into sales over the analyzed period.
Peer comparison
Dec 31, 2024