Builders FirstSource Inc (BLDR)

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	17,096,390	17,276,460	18,503,660	20,901,030	22,698,850	22,968,350	22,715,430	21,365,780	19,858,230	17,789,490	14,576,400	10,945,430	8,553,650	7,782,960	7,468,250	7,426,870	7,277,510	7,336,620	7,474,350	7,631,020
Total assets	US$ in thousands	10,499,500	10,736,800	10,733,100	10,476,900	10,595,200	11,537,700	12,085,900	12,051,200	10,714,300	10,809,100	10,626,100	9,379,510	4,173,670	4,014,930	3,764,680	3,561,360	3,249,490	3,297,760	3,249,970	3,199,460
Total asset turnover		1.63	1.61	1.72	1.99	2.14	1.99	1.88	1.77	1.85	1.65	1.37	1.17	2.05	1.94	1.98	2.09	2.24	2.22	2.30	2.39

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $17,096,390K ÷ $10,499,500K
= 1.63

Builders Firstsource Inc's total asset turnover has exhibited fluctuations over the past eight quarters. The ratio peaked at 2.14 in Q4 2022, indicating that the company generated $2.14 in revenue for every dollar of assets during that period. However, in subsequent quarters, the total asset turnover experienced a decline, reaching its lowest point at 1.61 in Q3 2023.

The general trend shows some volatility but remains relatively stable, with the ratio fluctuating between 1.61 and 2.14. Overall, the company is effectively utilizing its assets to generate revenue, as a total asset turnover above 1 suggests efficient asset utilization. However, the decreasing trend in recent quarters may signal a need for further analysis to understand the factors contributing to this decrease and potential areas for improvement in the company's asset management strategies.