Arcosa Inc (ACA)
Fixed 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 | 2,307,900 | 2,226,000 | 2,238,200 | 2,256,200 | 2,242,800 | 2,264,300 | 2,219,500 | 2,131,800 | 2,036,400 | 1,973,500 | 1,904,400 | 1,887,800 | 1,935,600 | 1,923,600 | 1,878,600 | 1,814,200 | 1,736,900 | 1,664,400 | 1,598,000 | |
| Property, plant and equipment | US$ in thousands | 1,336,300 | 1,254,600 | 1,233,200 | 1,209,700 | 1,199,600 | 1,171,400 | 1,178,300 | 1,196,400 | 1,201,900 | 1,273,000 | 1,206,700 | 905,200 | 913,300 | 894,800 | 892,700 | 891,700 | 816,200 | 815,000 | 814,300 | 801,900 |
| Fixed asset turnover | 1.73 | 1.77 | 1.81 | 1.87 | 1.87 | 1.93 | 1.88 | 1.78 | 1.69 | 1.55 | 1.58 | 2.09 | 2.12 | 2.15 | 2.10 | 2.03 | 2.13 | 2.04 | 1.96 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,307,900K ÷ $1,336,300K
= 1.73
Fixed asset turnover is a key financial ratio that measures how efficiently a company is utilizing its fixed assets to generate revenue. In the case of Arcosa Inc, the fixed asset turnover has been relatively stable over the past eight quarters, ranging from 1.73 to 1.93.
A fixed asset turnover ratio above 1 indicates that Arcosa Inc is generating more revenue per dollar of fixed assets invested, which is generally considered positive. The downward trend from Q1 2023 to Q4 2023 may suggest a decrease in efficiency in utilizing fixed assets to generate revenue.
While a fixed asset turnover ratio can vary by industry, it is essential for Arcosa Inc to closely monitor this ratio to ensure optimal utilization of its fixed assets. Further analysis of the company's operational efficiency and potential capital investment plans may provide insights into the fluctuations observed in the fixed asset turnover ratio.
Peer comparison
Dec 31, 2023