Middlesex Water Company (MSEX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 191,877 | 166,274 | 161,157 | 135,679 | 133,956 |
| Property, plant and equipment | US$ in thousands | — | — | 935,584 | 881,299 | 813,014 |
| Fixed asset turnover | — | — | 0.17 | 0.15 | 0.16 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $191,877K ÷ $—K
= —
The fixed asset turnover ratio for Middlesex Water Company has shown some fluctuations over the past few years. In 2020, the ratio was 0.16, indicating that the company generated $0.16 in revenue for every $1 of fixed assets. This ratio decreased slightly to 0.15 in 2021, suggesting a slight decline in efficiency in utilizing fixed assets to generate revenue.
However, there was a slight improvement in 2022, with the fixed asset turnover ratio increasing to 0.17, indicating a better utilization of fixed assets to generate revenue. The data for 2023 and 2024 is not available, so it is not possible to assess the trend in those years.
Overall, the trend in the fixed asset turnover ratio for Middlesex Water Company shows some variability, with a slight improvement in 2022 compared to 2020 and 2021. It is important for the company to continue monitoring and improving this ratio to ensure efficient utilization of its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024