SJW Group Common Stock (SJW)
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 | 1,956,220 | 4,345,070 | 3,632,620 | 3,485,970 | 3,319,130 |
| Total asset turnover | 0.38 | 0.15 | 0.17 | 0.16 | 0.17 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $748,439K ÷ $1,956,220K
= 0.38
The total asset turnover ratio for SJW Group Common Stock has fluctuated over the past five years. In 2020, the ratio was 0.17, which means that for every dollar of total assets, the company generated 0.17 dollars in revenue. The ratio decreased slightly to 0.16 in 2021, indicating a decrease in the company's efficiency in generating revenue from its assets.
In 2022, the total asset turnover ratio bounced back to 0.17, showing an improvement in the company's ability to utilize its assets to generate revenue. However, in 2023, the ratio dropped to 0.15, signaling a decline in asset efficiency during that period.
The most significant change in the total asset turnover ratio occurred in 2024 when the ratio surged to 0.38. This substantial increase suggests that SJW Group Common Stock significantly improved its asset utilization efficiency, generating a higher level of revenue relative to its total assets compared to the previous years.
Overall, the total asset turnover ratio trend for SJW Group Common Stock demonstrates periods of fluctuation, with improvements in certain years and declines in others. Analyzing this ratio helps assess the company's ability to generate revenue from its assets efficiently, highlighting potential areas for further investigation or improvement.
Peer comparison
Dec 31, 2024