Granite Construction Incorporated (GVA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,007,570 | 3,509,140 | 3,301,260 | 3,010,050 | 3,562,460 |
| Property, plant and equipment | US$ in thousands | — | — | 509,210 | 482,816 | 589,272 |
| Fixed asset turnover | — | — | 6.48 | 6.23 | 6.05 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,007,570K ÷ $—K
= —
The fixed asset turnover ratio for Granite Construction Incorporated has shown a consistent upward trend over the past few years, increasing from 6.05 in 2020 to 6.48 in 2022. This indicates that the company is generating more revenue per dollar invested in fixed assets, reflecting efficient management of its asset base to generate sales. However, the figures for 2023 and 2024 are not available, which makes it challenging to gauge the ongoing trend accurately. Overall, the increasing trend in fixed asset turnover demonstrates Granite Construction's ability to leverage its fixed assets effectively to drive revenue generation.
Peer comparison
Dec 31, 2024