EMCOR Group Inc (EME)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,582,900 | 11,076,100 | 9,903,580 | 8,797,060 | 9,174,610 |
| Property, plant and equipment | US$ in thousands | 179,378 | 157,819 | 152,066 | 158,427 | 156,187 |
| Fixed asset turnover | 70.15 | 70.18 | 65.13 | 55.53 | 58.74 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $12,582,900K ÷ $179,378K
= 70.15
Fixed asset turnover measures how efficiently a company generates revenue from its investment in fixed assets. Emcor Group, Inc. has demonstrated relatively stable fixed asset turnover ratios over the past five years, ranging from 55.53 to 70.18. The consistently high ratios indicate that the company is efficiently utilizing its fixed assets to generate sales.
In 2023, Emcor Group, Inc. achieved a fixed asset turnover of 70.15, slightly lower than the previous year's ratio of 70.18. This slight decrease may suggest a minor decline in the efficiency of the company's fixed asset utilization in generating revenue. However, the ratio remains at a relatively high level, indicating that the company continues to effectively utilize its fixed assets to drive sales.
Overall, Emcor Group, Inc. has maintained a strong performance in terms of fixed asset turnover, showcasing its ability to efficiently utilize its fixed assets to generate revenue over the past five years.
Peer comparison
Dec 31, 2023