Topbuild Corp (BLD)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,312,220 | 5,266,710 | 5,200,730 | 5,133,820 | 5,120,910 | 5,099,790 | 5,078,940 | 5,041,270 | 4,951,870 | 4,757,590 | 4,311,639 | 3,878,974 | 3,443,847 | 3,112,824 | 2,961,908 | 2,771,414 | 2,692,863 | 2,633,725 | 2,617,128 | 2,629,892 |
| Property, plant and equipment | US$ in thousands | 263,221 | 270,022 | 267,523 | 266,422 | 258,909 | 264,581 | 258,746 | 260,146 | 246,837 | 248,623 | 242,194 | 239,280 | 234,831 | 203,530 | 199,982 | 187,033 | 180,053 | 172,099 | 176,179 | 185,575 |
| Fixed asset turnover | 20.18 | 19.50 | 19.44 | 19.27 | 19.78 | 19.27 | 19.63 | 19.38 | 20.06 | 19.14 | 17.80 | 16.21 | 14.67 | 15.29 | 14.81 | 14.82 | 14.96 | 15.30 | 14.85 | 14.17 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,312,220K ÷ $263,221K
= 20.18
The fixed asset turnover ratio for Topbuild Corp has shown a generally increasing trend over the past few years, indicating improved efficiency in generating revenue from its fixed assets. The ratio stood at 14.17 as of March 31, 2020, and has steadily increased to 20.18 by December 31, 2024. This suggests that the company has been able to generate $20.18 in sales for every dollar invested in fixed assets by the end of 2024.
The consistent improvement in the fixed asset turnover ratio reflects the company's effective utilization of its fixed assets to drive revenue growth. It indicates that Topbuild Corp is managing its assets efficiently to support its operations and maximize returns.
Overall, the increasing trend in the fixed asset turnover ratio demonstrates Topbuild Corp's ability to optimize its fixed asset base and generate a higher level of sales from its investment in these assets over the analyzed period.