Comfort Systems USA Inc (FIX)

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	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	2,615,277	2,484,052	2,371,670	2,256,411
Total assets	US$ in thousands	3,305,580	3,140,620	2,915,120	2,839,470	2,597,480	2,549,470	2,439,620	2,308,410	2,209,110	1,951,330	1,754,950	1,715,530	1,757,360	1,677,970	1,675,440	1,618,070	1,505,010	1,467,460	1,444,600	1,080,030
Total asset turnover		1.58	1.58	1.62	1.56	1.59	1.52	1.47	1.42	1.39	1.49	1.59	1.65	1.63	1.71	1.71	1.72	1.74	1.69	1.64	2.09

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,206,760K ÷ $3,305,580K
= 1.58

Comfort Systems USA, Inc.'s total asset turnover has been relatively stable over the past eight quarters, ranging from 1.42 to 1.62. The company generates around $1.50 to $1.60 in revenue for every dollar of total assets it holds. This indicates that the company efficiently utilizes its assets to generate sales. The consistency in total asset turnover suggests that Comfort Systems USA has a solid operational efficiency and is effectively managing its assets to drive revenue growth.

Peer comparison

Dec 31, 2023

Company name

Symbol

Total asset turnover

Comfort Systems USA Inc

FIX

1.58