Essential Utilities Inc (WTRG)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	889,692	869,397	851,908	844,876
Total assets	US$ in thousands	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	9,361,980	9,340,970	9,180,350	7,080,950
Total asset turnover		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	0.10	0.09	0.09	0.12

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,053,824K ÷ $16,841,500K
= 0.12

Essential Utilities Inc's total asset turnover has been relatively stable over the past eight quarters, ranging from 0.12 to 0.15. This ratio indicates how efficiently the company is generating sales revenue relative to its total assets. A total asset turnover of 0.12 to 0.15 suggests that, on average, Essential Utilities Inc is generating $0.12 to $0.15 in sales for every dollar of total assets held during the period.

Although there is some fluctuation in the ratio, it appears that Essential Utilities Inc is maintaining a consistent level of asset utilization efficiency. It would be beneficial to compare this ratio with industry peers to determine how effectively the company is utilizing its assets compared to competitors. Further analysis of the company's operations and financial performance is recommended to gain a more comprehensive understanding of its overall efficiency and profitability.