Granite Construction Incorporated (GVA)
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 | 4,007,578 | 3,963,973 | 3,805,283 | 3,621,345 | 3,509,138 | 3,364,653 | 3,257,643 | 3,127,377 | 3,114,895 | 3,008,878 | 3,061,198 | 3,257,084 | 3,379,411 | 3,641,787 | 3,644,847 | 3,596,446 | 3,562,460 | 3,437,851 | 3,460,771 | 3,334,540 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 626,596 | 564,077 | 531,457 | 509,210 | 500,827 | 509,997 | 450,250 | 482,816 | 568,884 | 576,362 | 528,173 | 589,272 | 536,256 | 540,053 | 534,958 |
| Fixed asset turnover | — | — | — | — | — | 5.37 | 5.78 | 5.88 | 6.12 | 6.01 | 6.00 | 7.23 | 7.00 | 6.40 | 6.32 | 6.81 | 6.05 | 6.41 | 6.41 | 6.23 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,007,578K ÷ $—K
= —
The fixed asset turnover ratio for Granite Construction Incorporated has shown some fluctuations over the past few years. It was 6.41 as of September 30, 2020, and continued to rise reaching a peak of 7.23 as of March 31, 2022. A higher fixed asset turnover ratio indicates that the company is generating more revenue relative to its investment in fixed assets.
However, the ratio declined to 5.37 as of September 30, 2023, which might suggest a decrease in revenue generated per dollar invested in fixed assets. This downward trend could be a point of concern as it may indicate inefficiencies in asset utilization or a slowdown in revenue growth compared to the investment in fixed assets.
Notably, the data for the fixed asset turnover ratio is missing for the last few quarters of 2024, which might indicate a lack of data availability or reporting delays. Companies should ensure timely and accurate financial reporting to maintain transparency and enable stakeholders to make informed decisions based on up-to-date information.
Peer comparison
Dec 31, 2024