Topbuild Corp (BLD)
Total 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 |
| Total assets | US$ in thousands | 4,735,430 | 5,162,850 | 4,606,830 | 4,258,530 | 2,815,280 |
| Total asset turnover | 1.13 | 0.99 | 1.07 | 0.81 | 0.95 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,331,020K ÷ $4,735,430K
= 1.13
The total asset turnover of Topbuild Corp has fluctuated over the five-year period analyzed. It decreased from 0.95 in December 31, 2020, to 0.81 in December 31, 2021, indicating a lower efficiency in generating sales from its total assets during that period. However, the ratio improved in the following years, reaching 1.07 in December 31, 2022, indicating that the company was able to generate more revenue from its assets compared to the previous year. In December 31, 2023, the total asset turnover ratio slightly decreased to 0.99 but remained relatively stable. Notably, in December 31, 2024, the ratio increased significantly to 1.13, suggesting that Topbuild Corp was able to effectively utilize its assets to generate revenue. Overall, the varying total asset turnover ratios reflect fluctuations in the company's efficiency in generating sales in relation to its total assets over the five-year period.