Comfort Systems USA Inc (FIX)
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 | 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 |
| Total assets | US$ in thousands | 4,711,090 | 4,412,760 | 4,213,980 | 3,902,830 | 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 |
| Total asset turnover | 1.49 | 1.48 | 1.44 | 1.43 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,027,480K ÷ $4,711,090K
= 1.49
The total asset turnover of Comfort Systems USA Inc has shown some fluctuation over the years, ranging from a peak of 1.72 in March 2020 to a low of 1.39 in December 2021. This ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover generally reflects better asset utilization.
The trend in the total asset turnover ratio for Comfort Systems USA Inc seems to have decreased gradually from 2020 to 2022, with a slight uptick in 2023 and 2024. This may suggest that the company experienced challenges in maximizing its assets' productivity during certain periods but made efforts to improve efficiency in subsequent years.
Overall, it is important for Comfort Systems USA Inc to continue monitoring and optimizing its total asset turnover to ensure effective management of its assets and enhance financial performance.
Peer comparison
Dec 31, 2024