Fluor Corporation (FLR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,315,000 | 15,474,000 | 13,744,000 | 12,434,900 | 15,668,500 |
| Total assets | US$ in thousands | 9,143,000 | 6,973,000 | 6,827,000 | 7,279,560 | 7,309,810 |
| Total asset turnover | 1.78 | 2.22 | 2.01 | 1.71 | 2.14 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $16,315,000K ÷ $9,143,000K
= 1.78
The total asset turnover ratio indicates how efficiently Fluor Corporation generates revenue from its total assets. Analyzing the trend over the years, we observe fluctuations in the ratio. In 2020, the ratio was 2.14, representing a high level of asset utilization. However, by the end of 2021, the ratio decreased to 1.71, suggesting a decline in efficiency in utilizing assets to generate revenue.
The ratio improved in 2022, reaching 2.01, indicating better asset turnover compared to the previous year. This improvement continued in 2023, with a ratio of 2.22, reflecting optimal asset efficiency and revenue generation.
However, by the end of 2024, the total asset turnover ratio decreased to 1.78, signaling a decline in the efficiency of converting assets into revenue compared to the previous year.
Overall, while there have been fluctuations in Fluor Corporation's total asset turnover ratio over the years, it is essential to closely monitor future trends to assess the company's ability to effectively utilize its assets to drive revenue generation.
Peer comparison
Dec 31, 2024