SJW Group Common Stock (SJW)

Fixed 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	748,439	721,957	701,737	682,449	670,363	670,399	641,537	633,692	620,698	589,061	580,003	583,203	573,686	569,649	568,589	563,557	564,526	554,664	502,798	458,554
Property, plant and equipment	US$ in thousands	—	—	—	—	—	12,880	1,197	2,654,150	2,630,320	2,634,040	2,595,460	2,517,240	2,539,180	2,486,930	2,439,420	2,355,070	2,378,260	43,592	43,826	44,055
Fixed asset turnover		—	—	—	—	—	52.05	535.95	0.24	0.24	0.22	0.22	0.23	0.23	0.23	0.23	0.24	0.24	12.72	11.47	10.41

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $748,439K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is generating revenue from its fixed assets. Looking at the data provided for SJW Group Common Stock, we observe a significant increase in the fixed asset turnover ratio from March 31, 2020, to June 30, 2020, which indicates an improvement in the company's ability to generate sales from its fixed assets.

However, from December 31, 2020, to September 30, 2022, the fixed asset turnover ratio remained consistently low, suggesting that the company may not be utilizing its fixed assets effectively to generate revenue during this period.

There is a notable spike in the fixed asset turnover ratio on June 30, 2023, reaching 535.95, indicating a sudden and substantial improvement in the efficiency of utilizing fixed assets to generate sales. This spike seems to be an outlier considering the trend in the ratios surrounding this period.

From December 31, 2023, to December 31, 2024, there is a lack of data available, which makes it difficult to assess the performance of the fixed asset turnover during this period accurately.

In conclusion, the analysis of SJW Group Common Stock's fixed asset turnover ratio reflects varying levels of efficiency in utilizing fixed assets to generate revenue over the reporting periods, with some fluctuations and anomalies in the data that may require further investigation to understand the underlying reasons.