Essential Utilities Inc (WTRG)

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	2,086,113	1,961,149	1,937,149	1,939,443	2,053,824	2,279,788	2,303,151	2,315,207	2,288,032	2,118,336	2,045,578	1,993,854	1,878,144	1,816,455	1,803,242	1,790,678	1,462,698	1,214,742	1,109,721	944,145
Total assets	US$ in thousands	18,026,600	17,564,600	17,252,100	17,054,300	16,841,500	16,432,800	16,101,900	15,818,300	15,719,100	15,279,800	15,046,200	14,877,000	14,658,300	14,236,500	13,934,000	13,821,900	13,705,300	13,399,500	13,028,400	12,929,000
Total asset turnover		0.12	0.11	0.11	0.11	0.12	0.14	0.14	0.15	0.15	0.14	0.14	0.13	0.13	0.13	0.13	0.13	0.11	0.09	0.09	0.07

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,086,113K ÷ $18,026,600K
= 0.12

The total asset turnover of Essential Utilities Inc has shown a gradual increase from 0.07 as of March 31, 2020, to 0.12 as of December 31, 2024. This indicates that the company is generating more revenue per dollar of assets over the period under review. The ratio peaked at 0.15 as of March 31, 2023, and June 30, 2022, demonstrating an efficient utilization of assets to generate sales. However, there was a slight decline in total asset turnover towards the end of the period, reaching 0.12 as of December 31, 2024. Overall, the trend suggests that Essential Utilities Inc has effectively managed its assets to drive revenue growth, although there was a slight drop in efficiency towards the end of the period.