Topbuild Corp (BLD)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,331,020 | 5,121,100 | 4,950,980 | 3,442,500 | 2,686,160 |
| Property, plant and equipment | US$ in thousands | 263,221 | 258,909 | 246,837 | 234,831 | 180,053 |
| Fixed asset turnover | 20.25 | 19.78 | 20.06 | 14.66 | 14.92 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,331,020K ÷ $263,221K
= 20.25
The fixed asset turnover ratio for Topbuild Corp has shown a consistent and strong performance over the years. It increased from 14.92 in 2020 to a peak of 20.25 in 2024, with slight fluctuations in between. This indicates that the company has been effectively utilizing its fixed assets to generate sales revenue. A higher fixed asset turnover ratio suggests that the company is efficient in its asset management, as it is generating more revenue per dollar invested in fixed assets. Overall, the trend in Topbuild Corp's fixed asset turnover ratio reflects a positive sign of operational efficiency and effective utilization of its fixed assets to drive revenue growth.