UNITIL Corporation (UTL)

Total 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
Total assets	US$ in thousands	1,794,500	1,737,100	1,695,000	1,697,900	1,670,400	1,620,200	1,595,300	1,614,700	1,590,400	1,578,900	1,547,100	1,552,300	1,540,300	1,509,000	1,477,100	1,477,000	1,477,900	1,423,900	1,384,500	1,378,400
Total asset turnover		0.53	0.55	0.58	0.59	0.65	0.71	0.73	0.71	0.69	0.67	0.67	0.66	0.60	0.58	0.58	0.56	0.55	0.57	0.58	0.59

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $953,400K ÷ $1,794,500K
= 0.53

The total asset turnover ratio of UNITIL Corporation has fluctuated over the periods analyzed. The ratio indicates how efficiently the company generates sales revenue from its total assets. A higher ratio generally reflects better asset utilization.

From March 31, 2020, to June 30, 2023, the total asset turnover ratio showed a positive trend, increasing from 0.59 to 0.73. This indicates an improvement in the company's ability to generate sales from its assets during this period.

However, from September 30, 2023, to December 31, 2024, the total asset turnover ratio declined, reaching a low of 0.53. This decrease suggests a potential decline in the company's efficiency in utilizing its assets to generate revenue.

Overall, UNITIL Corporation's total asset turnover ratio has shown variability, highlighting the importance of monitoring this metric to assess the company's operational efficiency and performance over time.