Everus Construction Group Inc (ECG)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,849,680 | 2,854,390 | 2,699,250 | 2,051,640 |
| Total assets | US$ in thousands | 1,288,460 | 1,110,580 | 1,135,590 | — |
| Total asset turnover | 2.21 | 2.57 | 2.38 | — |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,849,680K ÷ $1,288,460K
= 2.21
The total asset turnover ratio for Everus Construction Group Inc has shown a positive trend over the years, indicating an improvement in the company's efficiency in generating revenue from its assets.
In 2022, the total asset turnover ratio was 2.38, which suggests that the company generated $2.38 in revenue for every $1 of assets it had during that period. This indicates that Everus Construction Group Inc efficiently utilized its assets to generate sales.
By the end of 2023, the total asset turnover ratio increased to 2.57, indicating a further enhancement in efficiency. This shows that the company was able to generate even more revenue for every dollar of assets it owned, reflecting effective management of its assets.
However, by the end of 2024, the total asset turnover ratio slightly declined to 2.21. While this ratio is still relatively high, the decrease may suggest a potential decrease in efficiency in utilizing assets to generate revenue compared to the previous year.
Overall, the upward trend in the total asset turnover ratio from 2022 to 2023 demonstrates Everus Construction Group Inc's ability to utilize its assets efficiently to generate sales. Monitoring this ratio going forward will be important to ensure continued effectiveness in asset management and revenue generation.
Peer comparison
Dec 31, 2024