Installed Building Products Inc (IBP)
Total 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 |
| Total assets | US$ in thousands | 2,059,900 | 2,072,500 | 2,025,200 | 2,003,200 | 1,981,300 | 1,920,960 | 1,835,940 | 1,779,560 | 1,778,930 | 1,763,850 | 1,702,090 | 1,652,750 | 1,653,200 | 1,327,130 | 1,273,620 | 1,233,620 | 1,187,680 | 1,165,440 | 1,131,050 | 1,087,060 |
| Total asset turnover | 1.43 | 1.40 | 1.41 | 1.40 | 1.40 | 1.43 | 1.50 | 1.54 | 1.50 | 1.43 | 1.36 | 1.28 | 1.19 | 1.41 | 1.40 | 1.37 | 1.39 | 1.38 | 1.40 | 1.44 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,941,300K ÷ $2,059,900K
= 1.43
Installed Building Products Inc's total asset turnover has shown some fluctuations over the past five years. The ratio increased from 1.44 in March 2020 to a peak of 1.54 in March 2023 before slightly decreasing to 1.43 by December 2024. Generally, a total asset turnover ratio above 1 indicates that the company is effectively utilizing its assets to generate revenue. However, the declining trend in the latter years may suggest potential inefficiencies in asset management or a slowdown in revenue generation relative to asset growth. Further investigation into the company's operations and industry dynamics may be necessary to fully understand the factors influencing this trend.
Peer comparison
Dec 31, 2024