Installed Building Products Inc (IBP)
Total 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 |
| Total assets | US$ in thousands | 2,059,900 | 1,981,300 | 1,778,930 | 1,653,200 | 1,187,680 |
| Total asset turnover | 1.43 | 1.40 | 1.50 | 1.19 | 1.39 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,941,300K ÷ $2,059,900K
= 1.43
Installed Building Products Inc's total asset turnover ratio has varied over the past five years. In December 2020, the total asset turnover was 1.39, indicating that the company generated $1.39 in revenue for every dollar of assets. By December 2021, the ratio decreased to 1.19, suggesting a decline in the efficiency of asset utilization. However, in December 2022, the total asset turnover improved to 1.50, signaling a more effective use of assets to generate revenue.
Subsequently, by December 2023, the total asset turnover ratio slightly decreased to 1.40, indicating a slight reduction in asset efficiency compared to the previous year. Finally, by December 2024, the ratio increased to 1.43, showing a modest improvement in asset turnover efficiency.
Overall, the trend in total asset turnover for Installed Building Products Inc has shown fluctuations over the years, with variations in the company's ability to generate revenue from its assets. It is essential for the company to continue monitoring and optimizing its asset utilization to sustain or improve its financial performance in the future.
Peer comparison
Dec 31, 2024