MasTec Inc (MTZ)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,303,500 | 11,995,900 | 9,778,040 | 7,951,780 | 6,320,980 |
| Property, plant and equipment | US$ in thousands | — | — | 2,033,640 | 1,696,500 | 982,328 |
| Fixed asset turnover | — | — | 4.81 | 4.69 | 6.43 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $12,303,500K ÷ $—K
= —
MasTec Inc's fixed asset turnover ratio has exhibited a fluctuating trend over the past five years. The ratio was 6.43 in December 31, 2020, indicating that the company generated $6.43 in revenue for every dollar invested in fixed assets during that period. However, the ratio declined to 4.69 by December 31, 2021, and further to 4.81 by December 31, 2022, signaling a decrease in efficiency in generating sales from fixed assets.
Notably, the data for December 31, 2023, and December 31, 2024, is missing, which may suggest potential issues with data availability or measurement for those periods. Overall, the decreasing trend in fixed asset turnover implies that MasTec Inc may be facing challenges in optimizing the utilization of its fixed assets to generate revenue efficiently, possibly indicating the need for closer scrutiny and strategic management of its asset base.
Peer comparison
Dec 31, 2024