SJW Corporation (SJW)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	420,482	393,362	404,218	400,339
Total assets	US$ in thousands	4,345,070	3,843,430	3,712,160	3,652,500	3,755,060	3,604,700	3,541,050	3,511,880	3,492,400	3,469,740	3,409,520	3,332,140	3,311,460	3,259,710	3,209,980	3,174,300	3,132,470	2,022,380	2,003,650	1,958,810
Total asset turnover		0.15	0.17	0.17	0.17	0.17	0.16	0.16	0.17	0.16	0.16	0.17	0.17	0.17	0.17	0.16	0.14	0.13	0.19	0.20	0.20

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $670,363K ÷ $4,345,070K
= 0.15

Total asset turnover is a key financial ratio that measures a company's ability to generate revenue from its total assets. The ratio is calculated by dividing total revenue by average total assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate sales.

Based on the data provided for SJW Group's total asset turnover over the past eight quarters, the ratio has generally remained around the range of 0.15 to 0.17. This consistency indicates that the company has been able to maintain a relatively stable level of revenue generation in relation to its total assets.

While it is generally desirable for a company to have a higher total asset turnover ratio, it is important to consider the industry in which the company operates and its specific business model when evaluating the ratio. A relatively stable total asset turnover ratio for SJW Group suggests that the company is effectively utilizing its assets to generate revenue, although there may be opportunities for further efficiency improvements.

Overall, the consistent total asset turnover ratio for SJW Group reflects a reasonable level of asset utilization and revenue generation efficiency over the period examined. Additional analysis and comparison to industry benchmarks could provide further insights into the company's performance in this area.