Fluor Corporation (FLR)
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 | 16,315,000 | 15,875,000 | 15,744,000 | 15,456,000 | 15,474,000 | 15,364,000 | 15,013,000 | 14,373,000 | 13,743,000 | 13,189,860 | 12,680,940 | 12,618,350 | 12,434,880 | 12,933,740 | 13,949,220 | 14,438,630 | 15,618,660 | 15,688,760 | 15,507,910 | 15,876,470 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 443,000 | 439,000 | 434,000 | 447,000 | 460,000 | 478,000 | 501,000 | 386,589 | 425,633 | 448,436 | 456,733 | 561,084 | 563,624 | 568,606 | 567,148 |
| Fixed asset turnover | — | — | — | — | — | 34.68 | 34.20 | 33.12 | 30.74 | 28.67 | 26.53 | 25.19 | 32.17 | 30.39 | 31.11 | 31.61 | 27.84 | 27.84 | 27.27 | 27.99 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $16,315,000K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its fixed assets. It is calculated by dividing total revenue by average fixed assets. For Fluor Corporation, the fixed asset turnover ratio has shown fluctuations over the years from 2020 to 2023.
In the first quarter of 2020, the fixed asset turnover was 27.99, indicating that the company generated $27.99 in revenue for every dollar invested in fixed assets. The ratio slightly decreased to 27.27 in the second quarter of 2020 but picked up again in the following quarters, reaching 27.84 by the end of the year.
The trend continued in 2021, with a significant increase in the fixed asset turnover ratio to 31.61 in the first quarter. The ratio remained relatively high throughout the year, hovering around 30.39 to 32.17.
In 2022, the fixed asset turnover ratio dropped to 25.19 in the first quarter but gradually improved to 34.20 by the second quarter of 2023. This suggests that Fluor Corporation was able to generate more revenue relative to its investment in fixed assets during this period.
As of the third quarter of 2023, the fixed asset turnover ratio stood at 34.68, indicating a continued efficiency in utilizing fixed assets to generate revenue.
It is worth noting that the data for the last quarter of 2023, and subsequent periods in 2024, are not available in the provided information. Monitoring the fixed asset turnover ratio can provide insights into Fluor Corporation's operational efficiency and asset utilization in the coming periods.
Peer comparison
Dec 31, 2024