Installed Building Products Inc (IBP)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,746,664 | 2,702,728 | 2,720,605 | 2,704,681 | 2,627,372 | 2,480,286 | 2,267,738 | 2,081,968 | 1,934,728 | 1,846,449 | 1,757,295 | 1,662,899 | 1,623,163 | 1,590,343 | 1,565,412 | 1,545,395 | 1,491,865 | 1,443,755 | 1,399,481 | 1,360,209 |
| Total assets | US$ in thousands | 1,981,300 | 1,920,960 | 1,835,940 | 1,779,560 | 1,778,900 | 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 | 1,099,480 | 1,063,680 | 916,391 | 877,709 |
| Total asset turnover | 1.39 | 1.41 | 1.48 | 1.52 | 1.48 | 1.41 | 1.33 | 1.26 | 1.17 | 1.39 | 1.38 | 1.35 | 1.37 | 1.36 | 1.38 | 1.42 | 1.36 | 1.36 | 1.53 | 1.55 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,746,664K ÷ $1,981,300K
= 1.39
Installed Building Products Inc's total asset turnover has been relatively stable over the past eight quarters, ranging from 1.28 to 1.54. This ratio indicates that the company generates approximately $1.28 to $1.54 in revenue for every dollar of assets it has.
The upward trend from Q1 2022 to Q1 2023 suggests that the company has been increasingly efficient in utilizing its assets to generate sales. However, the ratio saw a slight decline in Q2 2023 before recovering in the subsequent quarters.
Overall, the company's total asset turnover ratio is generally healthy, indicating effective asset utilization in generating revenue. Investors and analysts may view this positively as it shows the company's ability to efficiently generate sales from its asset base.
Peer comparison
Dec 31, 2023