UNITIL Corporation (UTL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 953,400 | 1,079,300 | 1,098,100 | 919,400 | 810,800 |
| Total assets | US$ in thousands | 1,794,500 | 1,670,400 | 1,590,400 | 1,540,300 | 1,477,900 |
| Total asset turnover | 0.53 | 0.65 | 0.69 | 0.60 | 0.55 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $953,400K ÷ $1,794,500K
= 0.53
The total asset turnover of UNITIL Corporation has shown a positive trend over the past five years. The ratio increased from 0.55 in December 31, 2020, to 0.60 in December 31, 2021, and further improved to 0.69 by December 31, 2022. However, there was a slight decline in 2023, with the ratio dropping to 0.65. The ratio decreased further to 0.53 by December 31, 2024.
This indicates that the company's ability to generate sales from its total assets has generally improved, with a peak in 2022, but experienced some fluctuations in the subsequent years. A higher total asset turnover ratio generally suggests that the company is efficient in using its assets to generate revenue. However, the fluctuations in the ratio in 2023 and 2024 may warrant further investigation into the company's asset management strategies and operational efficiency during those periods.
Peer comparison
Dec 31, 2024