Installed Building Products Inc (IBP)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,941,300 | 2,778,600 | 2,669,840 | 1,968,650 | 1,653,220 |
| Property, plant and equipment | US$ in thousands | — | — | 194,948 | 175,804 | 104,022 |
| Fixed asset turnover | — | — | 13.70 | 11.20 | 15.89 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,941,300K ÷ $—K
= —
Fixed asset turnover is a significant financial ratio that measures a company's efficiency in generating revenue from its investment in fixed assets. Looking at the data provided for Installed Building Products Inc, the fixed asset turnover ratio has shown some fluctuation over the years.
As of December 31, 2020, the fixed asset turnover was at an impressive 15.89, indicating that the company was able to generate $15.89 in revenue for every dollar invested in fixed assets. However, by December 31, 2021, this ratio decreased to 11.20, suggesting a decrease in the company's ability to efficiently utilize its fixed assets to generate revenue.
In the following years, the fixed asset turnover improved, reaching 13.70 by December 31, 2022. The values for December 31, 2023, and December 31, 2024 were not provided, which may signify a lack of available data or potential changes in the company's financial reporting.
Overall, the trend in the fixed asset turnover ratio for Installed Building Products Inc shows varying levels of efficiency in utilizing its fixed assets to generate revenue. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to gain a better understanding of the company's operational performance and asset management strategies.
Peer comparison
Dec 31, 2024