Comfort Systems USA Inc (FIX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,027,480 | 5,206,760 | 4,140,360 | 3,073,640 | 2,856,660 |
| Total assets | US$ in thousands | 4,711,090 | 3,305,580 | 2,597,480 | 2,209,110 | 1,757,360 |
| Total asset turnover | 1.49 | 1.58 | 1.59 | 1.39 | 1.63 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,027,480K ÷ $4,711,090K
= 1.49
Comfort Systems USA Inc's total asset turnover ratio measures the efficiency with which the company generates sales revenue relative to its total assets.
Over the past five years, the trend in total asset turnover for Comfort Systems USA Inc has been somewhat fluctuating. In 2020, the total asset turnover was 1.63, indicating that for every dollar of total assets, the company generated $1.63 in sales. However, in 2021, this ratio decreased to 1.39, suggesting a less efficient use of assets to generate revenue.
In the following years, there was some improvement in total asset turnover, with the ratio reaching 1.59 in 2022 and then staying relatively stable around 1.58 in 2023 and 1.49 in 2024. This implies that Comfort Systems USA Inc has been able to maintain a moderate level of efficiency in utilizing its assets to generate sales revenue.
Overall, while there have been fluctuations in the total asset turnover ratio, the company has managed to maintain a reasonable level of efficiency in converting its total assets into sales revenue over the analyzed period.
Peer comparison
Dec 31, 2024