Installed Building Products Inc (IBP)
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 | 2,941,300 | 2,911,800 | 2,857,665 | 2,812,165 | 2,778,574 | 2,744,363 | 2,757,012 | 2,741,661 | 2,669,844 | 2,517,078 | 2,307,727 | 2,119,076 | 1,968,650 | 1,876,396 | 1,787,119 | 1,692,960 | 1,653,225 | 1,612,987 | 1,588,950 | 1,566,825 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 211,839 | 207,561 | 200,986 | 194,948 | 187,705 | 187,979 | 176,850 | 175,804 | 166,005 | 166,044 | 105,162 | 104,022 | 104,900 | 103,422 | 106,262 |
| Fixed asset turnover | — | — | — | — | — | 12.95 | 13.28 | 13.64 | 13.70 | 13.41 | 12.28 | 11.98 | 11.20 | 11.30 | 10.76 | 16.10 | 15.89 | 15.38 | 15.36 | 14.74 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,941,300K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company generates revenue from its fixed assets. In the case of Installed Building Products Inc, the fixed asset turnover has shown a generally increasing trend from March 31, 2020, to September 30, 2022. The ratio improved from 14.74 in March 2020 to 13.41 in September 2022.
However, there was a slight decrease in the ratio in the subsequent periods, with the fixed asset turnover declining to 12.95 by September 30, 2023, and further to 12.95 by December 31, 2023. This could indicate a potential decrease in the company's efficiency in utilizing its fixed assets to generate revenue during these periods.
Moreover, the absence of data for the fixed asset turnover from March 31, 2024, onwards limits our ability to provide a comprehensive analysis of the company's recent performance in this aspect. It is essential for stakeholders to monitor this ratio over time to assess the company's efficiency in managing its fixed assets effectively.
Peer comparison
Dec 31, 2024