EMCOR Group Inc (EME)
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 | 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 |
| Total assets | US$ in thousands | 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 | 4,830,360 | 4,532,720 | 4,393,580 | 4,278,320 |
| Total asset turnover | 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 | 1.90 | 1.99 | 1.99 | 1.96 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,582,870K ÷ $6,609,720K
= 1.90
Emcor Group, Inc.'s total asset turnover has shown some fluctuations over the past eight quarters. The ratio indicates how efficiently the company is generating revenue from its assets.
The trend in total asset turnover shows a general decline from Q1 2022 to Q4 2023, with the ratio decreasing from 2.02 to 1.90 over this period. This suggests that Emcor Group, Inc. is becoming less efficient in utilizing its assets to generate revenue.
However, it is important to note that despite the overall decline, the total asset turnover remained relatively stable between 1.90 and 2.03, indicating that the company is still able to generate a reasonable amount of sales from its asset base.
Further analysis would be required to understand the specific factors driving the changes in total asset turnover, such as changes in sales volume, asset utilization, or asset efficiency. Monitoring this ratio going forward will be crucial in evaluating Emcor Group, Inc.'s operational efficiency and financial performance.
Peer comparison
Dec 31, 2023