UNITIL Corporation (UTL)

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	953,400	958,900	980,900	996,300	1,079,300	1,149,700	1,162,300	1,153,300	1,098,100	1,055,800	1,031,600	1,027,000	919,400	874,400	853,000	827,600	810,800	809,600	805,400	806,400
Property, plant and equipment	US$ in thousands	—	—	—	—	—	113,100	69,400	59,500	56,900	1,308,400	1,283,500	41,300	1,261,900	1,237,300	1,214,700	1,197,700	1,198,400	1,190,900	1,147,600	1,125,100
Fixed asset turnover		—	—	—	—	—	10.17	16.75	19.38	19.30	0.81	0.80	24.87	0.73	0.71	0.70	0.69	0.68	0.68	0.70	0.72

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $953,400K ÷ $—K
= —

The fixed asset turnover ratio for UNITIL Corporation provides insights into how efficiently the company is utilizing its fixed assets to generate revenue. From March 31, 2020, to December 31, 2023, the ratio fluctuated between 0.68 to 24.87. This significant jump to 24.87 on March 31, 2022, indicates a sharp increase in revenue generated per dollar invested in fixed assets.

Subsequently, the ratio declined to 16.75 on June 30, 2023, and further decreased to 10.17 on September 30, 2023. This decline suggests a drop in efficiency in utilizing fixed assets to generate revenue. The absence of data from December 31, 2023, onwards makes it difficult to assess the trend accurately.

It is essential for UNITIL Corporation to maintain a balance in its fixed asset turnover ratio to ensure optimal utilization of assets and maximization of revenue generation. Further analysis beyond September 30, 2023, would be required to evaluate the long-term efficiency of the company in this aspect.