Topbuild Corp (BLD)
Total 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 |
| Total assets | US$ in thousands | 4,735,430 | 4,650,520 | 4,902,990 | 5,310,450 | 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 |
| Total asset turnover | 1.12 | 1.13 | 1.06 | 0.97 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,312,220K ÷ $4,735,430K
= 1.12
The total asset turnover ratio for Topbuild Corp has shown fluctuation over the periods analyzed. The ratio measures the efficiency of the company in utilizing its total assets to generate sales revenue. A higher turnover ratio indicates that the company is effectively using its assets to generate sales.
From March 31, 2020, to September 30, 2021, the total asset turnover ratio remained relatively stable, ranging between 0.96 and 1.00. This suggests that the company maintained a consistent level of asset efficiency during this period.
However, a decline in the ratio was observed from December 31, 2021, to March 31, 2022, dropping to 0.81 before gradually increasing again. This may indicate a decrease in sales generated by the company's total assets during that period.
From June 30, 2022, onwards, the total asset turnover ratio started to improve, reaching its peak at 1.13 by September 30, 2024. This upward trend suggests that Topbuild Corp became more efficient in generating sales revenue from its total assets during this later period.
Overall, the analysis of Topbuild Corp's total asset turnover indicates both periods of stability and improvement in asset efficiency, with some fluctuations observed in between.