California Water Service Stock Return On Asset

CWT Stock

USD 52.76 0.53 0.99%

California Water Service fundamentals help investors to digest information that contributes to California Water's financial success or failures. It also enables traders to predict the movement of California Stock. The fundamental analysis module provides a way to measure California Water's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to California Water stock.

Short Long Term Debt Total Total Assets

Return On Assets is likely to drop to 0.01 in 2024.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

California Water Service Company Return On Asset Analysis

California Water's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current California Water Return On Asset

0.0284

Most of California Water's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, California Water Service is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

California Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for California Water is extremely important. It helps to project a fair market value of California Stock properly, considering its historical fundamentals such as Return On Asset. Since California Water's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of California Water's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of California Water's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Property Plant Equipment	Intangible Assets	Good Will	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	-0.38	0.96	0.75	0.98	0.99	0.99	0.95	0.45	-0.56	0.8	-0.15	0.69	0.81	0.72	0.53	0.91	0.61	0.82	0.5	0.67	0.85	0.58	0.85
Total Stockholder Equity	0.98		-0.4	0.92	0.75	0.97	0.98	0.95	0.94	0.29	-0.47	0.8	-0.25	0.66	0.88	0.75	0.57	0.97	0.65	0.77	0.37	0.66	0.91	0.68	0.92
Current Deferred Revenue	-0.38	-0.4		-0.53	-0.48	-0.51	-0.35	-0.36	-0.39	-0.21	-0.28	-0.56	-0.06	-0.57	-0.54	-0.33	-0.76	-0.42	-0.04	-0.61	-0.41	-0.38	-0.59	-0.53	-0.43
Net Debt	0.96	0.92	-0.53		0.81	0.98	0.93	0.97	0.95	0.55	-0.53	0.83	0.01	0.81	0.81	0.68	0.61	0.83	0.53	0.86	0.61	0.66	0.84	0.58	0.77
Retained Earnings	0.75	0.75	-0.48	0.81		0.8	0.68	0.73	0.81	0.36	-0.54	0.64	0.19	0.85	0.66	0.79	0.6	0.63	0.66	0.73	0.46	0.63	0.76	0.64	0.57
Accounts Payable	0.98	0.97	-0.51	0.98	0.8		0.96	0.97	0.97	0.47	-0.48	0.8	-0.06	0.75	0.86	0.74	0.59	0.9	0.59	0.87	0.55	0.73	0.88	0.64	0.84
Net Receivables	0.99	0.98	-0.35	0.93	0.68	0.96		0.97	0.93	0.37	-0.51	0.8	-0.23	0.63	0.85	0.69	0.54	0.94	0.58	0.75	0.42	0.65	0.87	0.58	0.9
Total Liab	0.99	0.95	-0.36	0.97	0.73	0.97	0.97		0.93	0.52	-0.59	0.78	-0.1	0.69	0.76	0.69	0.51	0.86	0.58	0.83	0.55	0.67	0.81	0.52	0.8
Total Current Assets	0.95	0.94	-0.39	0.95	0.81	0.97	0.93	0.93		0.48	-0.54	0.78	-0.03	0.75	0.85	0.7	0.55	0.86	0.58	0.78	0.52	0.78	0.85	0.64	0.81
Short Term Debt	0.45	0.29	-0.21	0.55	0.36	0.47	0.37	0.52	0.48		-0.35	0.2	0.3	0.34	0.22	0.29	0.08	0.17	0.14	0.53	0.95	0.43	0.21	-0.24	0.1
Common Stock	-0.56	-0.47	-0.28	-0.53	-0.54	-0.48	-0.51	-0.59	-0.54	-0.35		-0.32	-0.31	-0.57	-0.17	-0.39	0.05	-0.26	-0.44	-0.36	-0.24	-0.24	-0.2	-0.17	-0.17
Long Term Debt	0.8	0.8	-0.56	0.83	0.64	0.8	0.8	0.78	0.78	0.2	-0.32		-0.17	0.79	0.81	0.33	0.86	0.77	0.35	0.54	0.23	0.48	0.85	0.71	0.8
Property Plant Equipment	-0.15	-0.25	-0.06	0.01	0.19	-0.06	-0.23	-0.1	-0.03	0.3	-0.31	-0.17		0.34	-0.28	-0.12	-0.2	-0.43	-0.08	0.11	0.3	0.02	-0.32	-0.11	-0.52
Intangible Assets	0.69	0.66	-0.57	0.81	0.85	0.75	0.63	0.69	0.75	0.34	-0.57	0.79	0.34		0.61	0.46	0.66	0.51	0.38	0.63	0.4	0.45	0.66	0.64	0.47
Good Will	0.81	0.88	-0.54	0.81	0.66	0.86	0.85	0.76	0.85	0.22	-0.17	0.81	-0.28	0.61		0.59	0.71	0.91	0.5	0.61	0.31	0.59	0.95	0.63	0.93
Net Tangible Assets	0.72	0.75	-0.33	0.68	0.79	0.74	0.69	0.69	0.7	0.29	-0.39	0.33	-0.12	0.46	0.59		0.3	0.7	0.63	0.77	0.44	0.62	0.69	0.46	0.62
Long Term Debt Total	0.53	0.57	-0.76	0.61	0.6	0.59	0.54	0.51	0.55	0.08	0.05	0.86	-0.2	0.66	0.71	0.3		0.59	0.16	0.42	0.17	0.42	0.81	0.68	0.68
Capital Surpluse	0.91	0.97	-0.42	0.83	0.63	0.9	0.94	0.86	0.86	0.17	-0.26	0.77	-0.43	0.51	0.91	0.7	0.59		0.6	0.68	0.26	0.63	0.93	0.67	0.98
Deferred Long Term Liab	0.61	0.65	-0.04	0.53	0.66	0.59	0.58	0.58	0.58	0.14	-0.44	0.35	-0.08	0.38	0.5	0.63	0.16	0.6		0.45	0.18	0.27	0.56	0.35	0.51
Short Term Investments	0.82	0.77	-0.61	0.86	0.73	0.87	0.75	0.83	0.78	0.53	-0.36	0.54	0.11	0.63	0.61	0.77	0.42	0.68	0.45		0.68	0.73	0.66	0.51	0.59
Short Long Term Debt	0.5	0.37	-0.41	0.61	0.46	0.55	0.42	0.55	0.52	0.95	-0.24	0.23	0.3	0.4	0.31	0.44	0.17	0.26	0.18	0.68		0.54	0.31	-0.09	0.18
Cash And Equivalents	0.67	0.66	-0.38	0.66	0.63	0.73	0.65	0.67	0.78	0.43	-0.24	0.48	0.02	0.45	0.59	0.62	0.42	0.63	0.27	0.73	0.54		0.61	0.57	0.59
Net Invested Capital	0.85	0.91	-0.59	0.84	0.76	0.88	0.87	0.81	0.85	0.21	-0.2	0.85	-0.32	0.66	0.95	0.69	0.81	0.93	0.56	0.66	0.31	0.61		0.69	0.94
Net Working Capital	0.58	0.68	-0.53	0.58	0.64	0.64	0.58	0.52	0.64	-0.24	-0.17	0.71	-0.11	0.64	0.63	0.46	0.68	0.67	0.35	0.51	-0.09	0.57	0.69		0.67
Capital Stock	0.85	0.92	-0.43	0.77	0.57	0.84	0.9	0.8	0.81	0.1	-0.17	0.8	-0.52	0.47	0.93	0.62	0.68	0.98	0.51	0.59	0.18	0.59	0.94	0.67

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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.

Competition

Predict California Water

California Total Assets

Total Assets

4.94 Billion

At this time, California Water's Total Assets are comparatively stable compared to the past year.

Based on the latest financial disclosure, California Water Service has a Return On Asset of 0.0284. This is 98.84% lower than that of the Water Utilities sector and significantly higher than that of the Utilities industry. The return on asset for all United States stocks is 120.29% lower than that of the firm.

California Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses California Water's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of California Water could also be used in its relative valuation, which is a method of valuing California Water by comparing valuation metrics of similar companies.

California Water is currently under evaluation in return on asset category among related companies.

California Water ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, California Water's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to California Water's managers, analysts, and investors.

Environmental

Governance

Social

California Fundamentals

	Return On Equity	0.1
	Return On Asset	0.0284
	Profit Margin	0.15 %
	Operating Margin	0.36 %
	Current Valuation	4.37 B
	Shares Outstanding	57.75 M
	Shares Owned By Insiders	0.78 %
	Shares Owned By Institutions	90.51 %
	Number Of Shares Shorted	1.42 M
	Price To Earning	27.53 X
	Price To Book	1.79 X
	Price To Sales	3.22 X
	Revenue	794.63 M
	Gross Profit	429.45 M
	EBITDA	185.07 M
	Net Income	51.91 M
	Cash And Equivalents	62.1 M
	Cash Per Share	1.66 X
	Total Debt	1.25 B
	Debt To Equity	0.88 %
	Current Ratio	1.05 X
	Book Value Per Share	25.41 X
	Cash Flow From Operations	217.82 M
	Short Ratio	2.95 X
	Earnings Per Share	2.52 X
	Price To Earnings To Growth	2.70 X
	Target Price	52.75
	Number Of Employees	1.27 K
	Beta	0.47
	Market Capitalization	3.08 B
	Total Asset	4.7 B
	Retained Earnings	549.57 M
	Working Capital	(134.05 M)
	Current Asset	127.58 M
	Current Liabilities	147.9 M
	Annual Yield	0.02 %
	Five Year Return	1.63 %
	Net Asset	4.7 B
	Last Dividend Paid	1.06

About California Water Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze California Water Service's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of California Water using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of California Water Service based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with California Water

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if California Water position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in California Water will appreciate offsetting losses from the drop in the long position's value.

Moving together with California Stock

0.87	WTRG	Essential Utilities	Pair Corr
0.91	AWK	American Water Works	Pair Corr
0.82	AWR	American States Water	Pair Corr

The ability to find closely correlated positions to California Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California Water when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back California Water - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling California Water Service to buy it.

The correlation of California Water is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as California Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Water Service moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for California Water can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether California Water Service is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if California Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about California Water Service Stock. Highlighted below are key reports to facilitate an investment decision about California Water Service Stock:

How To Invest In California

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Is California Stock a good investment?

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What is California Water's Net Worth?

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Largest Water Utilities Companies

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Largest Utilities - Regulated Water Companies

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Check out California Water Piotroski F Score and California Water Altman Z Score analysis.

You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for California Stock analysis

When running California Water's price analysis, check to measure California Water's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy California Water is operating at the current time. Most of California Water's value examination focuses on studying past and present price action to predict the probability of California Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Water's price. Additionally, you may evaluate how the addition of California Water to your portfolios can decrease your overall portfolio volatility.

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Is California Water's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of California Water. If investors know California will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about California Water listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.469

Dividend Share

1.06

Earnings Share

2.52

Revenue Per Share

16.257

Quarterly Revenue Growth

1.065

The market value of California Water Service is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Water's value that differs from its market value or its book value, called intrinsic value, which is California Water's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because California Water's market value can be influenced by many factors that don't directly affect California Water's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between California Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if California Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Water's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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California Water Service Stock Return On Asset

California Water Service Company Return On Asset Analysis

Return On Asset

Net Income

Total Assets

Current California Water Return On Asset

California Return On Asset Driver Correlations

California Total Assets

Total Assets

4.94 Billion

California Return On Asset Peer Comparison

California Water ESG Sustainability

California Fundamentals

About California Water Fundamental Analysis

Pair Trading with California Water

Moving together with California Stock

Complementary Tools for California Stock analysis

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