EMCOR Group Inc (EME)
Fixed 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 | 12,582,870 | 12,093,470 | 11,712,230 | 11,374,000 | 11,076,120 | 10,766,490 | 10,461,800 | 10,192,080 | 9,903,580 | 9,544,880 | 9,224,920 | 8,801,270 | 8,797,050 | 8,919,500 | 9,005,530 | 9,315,710 | 9,174,610 | 8,999,980 | 8,759,290 | 8,388,980 |
| Property, plant and equipment | US$ in thousands | 179,378 | 170,693 | 162,594 | 160,417 | 157,819 | 156,090 | 155,411 | 151,346 | 152,066 | 153,584 | 155,565 | 157,202 | 158,427 | 155,161 | 158,453 | 157,848 | 156,187 | 149,023 | 145,638 | 145,056 |
| Fixed asset turnover | 70.15 | 70.85 | 72.03 | 70.90 | 70.18 | 68.98 | 67.32 | 67.34 | 65.13 | 62.15 | 59.30 | 55.99 | 55.53 | 57.49 | 56.83 | 59.02 | 58.74 | 60.39 | 60.14 | 57.83 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,582,870K ÷ $179,378K
= 70.15
Emcor Group, Inc.'s fixed asset turnover ratio measures the company's ability to generate revenue relative to its investment in fixed assets. Over the past eight quarters, the company has maintained a relatively consistent fixed asset turnover ratio, ranging from 67.32 to 72.03. This indicates that Emcor Group efficiently utilizes its fixed assets to generate sales revenue. The relatively high fixed asset turnover ratio suggests that the company effectively manages its fixed assets, which may be attributed to efficient operations, effective asset utilization, or optimal capital allocation. Overall, the stable and high levels of fixed asset turnover indicate Emcor Group's strong operational efficiency and effective utilization of its fixed assets to drive revenue generation.
Peer comparison
Dec 31, 2023