SJW Corporation (SJW)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 670,363 | 620,698 | 573,686 | 564,526 | 420,482 |
| Total assets | US$ in thousands | 4,345,070 | 3,755,060 | 3,492,400 | 3,311,460 | 3,132,470 |
| Total asset turnover | 0.15 | 0.17 | 0.16 | 0.17 | 0.13 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $670,363K ÷ $4,345,070K
= 0.15
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. In the case of SJW Group, the total asset turnover has fluctuated over the past five years. The ratio decreased from 0.13 in 2019 to 0.15 in 2023, indicating that the company generated $0.15 in sales for every $1 of assets in 2023. Despite the slight improvement from 2022 to 2023, the ratio remains relatively low compared to the industry average. This suggests that SJW Group may not be efficiently utilizing its assets to generate revenue, and there may be room for improvement in asset management and operational efficiency.
Peer comparison
Dec 31, 2023