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New Jersey Resources Corporation (NJR) |
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New Jersey Resources Asset Turnover Ratio
Quarterly Results, Trends, Rankings, Statistics
Due to the increase in investments during the first quarter 2024, New Jersey Resources's asset turnover ratio sequentially decreased to 0.26 in the first quarter (Dec 31 2023), this is lower than usual.
Within sector 22 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the First Quarter 2024 compared to the preceding quarter from 1540 to 1923.
What is Asset Turnover Ratio?
What is New Jersey Resources Corporation Market Share?
Select the Comparisons :
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Select the Ratio:
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NJR Asset Turnover Ratio |
(Dec 31 2023) I. Quarter |
(Sep 30 2023) IV. Quarter |
(Jun 30 2023) III. Quarter |
(Mar 31 2023) II. Quarter |
(Dec 31 2022) I. Quarter |
Y / Y Asset Change |
2.03 % |
4.3 % |
4.14 % |
9.05 % |
12.29 % |
Y / Y Revenue Change |
-35.43 % |
-56.72 % |
-52.19 % |
-29.41 % |
7.06 % |
Asset Turnover Ratio (TTM) |
0.26 |
0.3 |
0.37 |
0.42 |
0.47 |
NJR's Total
Ranking |
# 1923 |
# 1540 |
# 1425 |
# 1433 |
# 1754 |
Seq. Asset Change |
3.17 % |
3.5 % |
0.25 % |
-4.69 % |
5.47 % |
Seq. Revenue Change |
41.01 % |
25.47 % |
-59 % |
-10.99 % |
-5.48 % |
Asset Turnover Ratio Statistics |
High |
Average |
Low |
1.58 |
0.62 |
0.12 |
(March 31, 2015) |
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(Jun 30 2019) |
Companies with similar Asset Turnover Ratio for the quarter ending Dec 31 2023, within Utilities Sector | Asset Turnover Ratio | Revenues for 12 Months ending Dec 31 2023 | Assets at quarter ending Dec 31 2023 | Oncor Electric Delivery Company Llc | 0.61 | $ 5,585.093 Millions | $ 9,106.402 Millions | Transmontaigne Partners llc | 0.55 | $ 742.645 Millions | $ 1,356.102 Millions | Ugi Corporation | 0.53 | $ 8,290.000 Millions | $ 15,697.250 Millions | Cheniere Energy Partners L p | 0.52 | $ 9,664.000 Millions | $ 18,637.000 Millions | Oneok Inc | 0.52 | $ 17,677.000 Millions | $ 34,176.750 Millions | Nisource Inc | 0.50 | $ 14,214.100 Millions | $ 28,275.700 Millions | Cheniere Energy Inc | 0.49 | $ 20,394.000 Millions | $ 41,715.750 Millions | Vistra Corp | 0.47 | $ 14,779.000 Millions | $ 31,625.000 Millions | Genesis Energy Lp | 0.47 | $ 3,176.996 Millions | $ 6,803.285 Millions | Otter Tail Corporation | 0.43 | $ 1,349.166 Millions | $ 3,127.858 Millions | Xcel Energy Inc | 0.41 | $ 25,652.000 Millions | $ 62,388.000 Millions | Opal Fuels Inc | 0.38 | $ 256.108 Millions | $ 680.928 Millions | Archrock inc | 0.37 | $ 990.337 Millions | $ 2,656.997 Millions | One Gas Inc | 0.32 | $ 2,371.990 Millions | $ 7,489.704 Millions | Usa Compression Partners Lp | 0.31 | $ 846.178 Millions | $ 2,698.022 Millions | Mplx Lp | 0.31 | $ 11,281.000 Millions | $ 36,048.500 Millions | Dte Energy Co | 0.29 | $ 12,745.000 Millions | $ 43,481.000 Millions | Rgc Resources Inc | 0.29 | $ 88.577 Millions | $ 302.413 Millions | Allete Inc | 0.28 | $ 1,879.800 Millions | $ 6,643.400 Millions | Portland General Electric Company | 0.28 | $ 2,923.000 Millions | $ 10,583.000 Millions | American States Water Company | 0.28 | $ 595.699 Millions | $ 2,162.840 Millions | Firstenergy Corp | 0.27 | $ 12,870.000 Millions | $ 47,445.500 Millions | Chesapeake Utilities Corporation | 0.27 | $ 670.604 Millions | $ 2,486.873 Millions | Western Midstream Partners Lp | 0.27 | $ 3,106.476 Millions | $ 11,607.400 Millions | New Jersey Resources Corporation | 0.26 | $ 1,706.637 Millions | $ 6,473.814 Millions | Wisconsin Electric Power Company | 0.26 | $ 4,045.000 Millions | $ 15,408.775 Millions | Northwest Natural Holding Company | 0.26 | $ 1,197.475 Millions | $ 4,665.253 Millions | Spire Inc | 0.25 | $ 2,608.900 Millions | $ 10,257.950 Millions | Wisconsin Public Service Corporation | 0.24 | $ 1,681.400 Millions | $ 6,887.625 Millions | Hydro One Inc | 0.24 | $ 5,974.034 Millions | $ 25,053.562 Millions |
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