Topbuild Corp (BLD)
Total 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 | 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 | 2,595,201 | 2,572,399 | 2,546,712 | 2,502,046 |
| Total assets | US$ in thousands | 5,162,850 | 5,014,090 | 4,857,950 | 4,700,910 | 4,606,830 | 4,506,120 | 4,420,980 | 4,361,560 | 4,258,530 | 3,120,690 | 2,998,720 | 2,892,100 | 2,815,280 | 2,747,800 | 2,670,580 | 2,631,840 | 2,603,960 | 2,624,120 | 2,581,120 | 2,542,830 |
| Total asset turnover | 0.99 | 1.02 | 1.05 | 1.07 | 1.07 | 1.06 | 0.98 | 0.89 | 0.81 | 1.00 | 0.99 | 0.96 | 0.96 | 0.96 | 0.98 | 1.00 | 1.00 | 0.98 | 0.99 | 0.98 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,120,910K ÷ $5,162,850K
= 0.99
The total asset turnover ratio for TopBuild Corp has shown fluctuations over the past eight quarters. The ratio has generally been above 1, indicating that the company is generating revenue efficiently relative to its total assets. Notably, the ratio increased steadily from Q1 2022 to Q1 2023, peaking at 1.09 in Q1 2023. However, there was a slight decrease in Q2 2023 followed by further declines in Q3 and Q4 2023. Overall, TopBuild Corp's total asset turnover suggests that the company effectively utilizes its assets to generate sales, but there has been a recent downward trend that may warrant further investigation.