EMCOR Group Inc (EME)
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 | 14,566,120 | 14,235,320 | 13,746,000 | 13,124,720 | 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 |
| Total assets | US$ in thousands | 7,716,470 | 7,321,950 | 7,072,550 | 6,687,330 | 6,609,720 | 6,224,190 | 5,907,670 | 5,640,910 | 5,524,610 | 5,438,730 | 5,146,440 | 5,231,150 | 5,441,450 | 5,296,680 | 5,133,170 | 5,061,190 | 5,063,840 | 4,829,980 | 4,590,420 | 4,835,550 |
| Total asset turnover | 1.89 | 1.94 | 1.94 | 1.96 | 1.90 | 1.94 | 1.98 | 2.02 | 2.00 | 1.98 | 2.03 | 1.95 | 1.82 | 1.80 | 1.80 | 1.74 | 1.74 | 1.85 | 1.96 | 1.93 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,566,120K ÷ $7,716,470K
= 1.89
Based on the provided data, EMCOR Group Inc's total asset turnover has fluctuated over the past few years. The total asset turnover ratio measures the efficiency of the company in utilizing its assets to generate sales.
From March 2020 to December 2024, EMCOR's total asset turnover ratio ranged from a low of 1.74 to a high of 2.03. The ratio increased gradually from March 2020 to June 2022, showing an improvement in the company's ability to generate revenue relative to its total assets. However, there was a slight dip in the ratio in September and December 2022 before picking up again in March 2023.
Overall, the trend indicates that EMCOR Group Inc has been effectively managing its assets to drive sales growth, as the total asset turnover ratio generally increased over the period. It is important for the company to continuously monitor and improve this ratio to ensure optimal utilization of assets and sustained revenue generation.
Peer comparison
Dec 31, 2024