Essential Utilities Inc (WTRG)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,086,110 | 2,053,820 | 2,288,030 | 1,878,140 | 1,462,700 |
| Total assets | US$ in thousands | 18,026,600 | 16,841,500 | 15,719,100 | 14,658,300 | 13,705,300 |
| Total asset turnover | 0.12 | 0.12 | 0.15 | 0.13 | 0.11 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,086,110K ÷ $18,026,600K
= 0.12
Essential Utilities Inc's total asset turnover has shown a varying trend over the past five years. The ratio increased from 0.11 in December 31, 2020 to 0.15 in December 31, 2022, indicating an improvement in the company's ability to generate sales relative to its total assets. However, there was a slight decline in total asset turnover to 0.12 in both December 31, 2023 and December 31, 2024. This could suggest a potential decrease in efficiency in utilizing assets to generate revenue during those periods. Overall, the company should continue monitoring and optimizing its asset management strategies to ensure optimal efficiency and productivity in the future.
Peer comparison
Dec 31, 2024