Comfort Systems USA Inc (FIX)
Fixed 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 | 7,027,480 | 6,517,250 | 6,083,000 | 5,569,140 | 5,206,760 | 4,966,380 | 4,708,270 | 4,429,790 | 4,140,366 | 3,879,260 | 3,593,146 | 3,289,091 | 3,073,636 | 2,916,513 | 2,796,716 | 2,826,289 | 2,856,659 | 2,877,282 | 2,870,101 | 2,776,935 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 396,002 | 170,089 | 155,021 | 143,949 | 138,229 | 132,646 | 127,711 | 128,554 | 115,538 | 209,121 | 115,039 | 117,206 | 119,131 | 121,569 | 113,974 |
| Fixed asset turnover | — | — | — | — | — | 12.54 | 27.68 | 28.58 | 28.76 | 28.06 | 27.09 | 25.75 | 23.91 | 25.24 | 13.37 | 24.57 | 24.37 | 24.15 | 23.61 | 24.36 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,027,480K ÷ $—K
= —
Comfort Systems USA Inc's fixed asset turnover ratio has shown fluctuating trends over the past few years. The ratio was relatively stable at around 24 to 25 from March 2020 to June 2022, indicating that the company was generating approximately $24 to $25 in sales for every dollar invested in fixed assets during this period.
However, there was a significant decline in the fixed asset turnover ratio in the June 2021 quarter, dropping to 13.37. This sudden decrease suggests that the company's efficiency in utilizing its fixed assets to generate sales decreased substantially during that period.
Subsequently, the fixed asset turnover ratio started to improve and reached a peak of 28.76 by December 2022, indicating that the company was able to generate more sales per dollar of fixed assets invested. This improvement continued into 2023, with the ratio remaining relatively high, although it saw a notable drop to 12.54 in the September 2023 quarter.
From December 2023 onwards, there is no available data on the fixed asset turnover ratio, indicating incomplete information for later periods.
Overall, the trend in Comfort Systems USA Inc's fixed asset turnover ratio suggests fluctuations in the efficiency of utilizing fixed assets to generate sales over the analyzed period. It would be important to monitor this ratio in future periods to assess the company's ability to optimize its asset utilization for revenue generation.
Peer comparison
Dec 31, 2024