MasTec Inc (MTZ)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,995,900 | 9,778,040 | 7,951,800 | 6,321,000 | 7,183,200 |
| Property, plant and equipment | US$ in thousands | 1,178,160 | 1,218,800 | 967,587 | 982,328 | 905,835 |
| Fixed asset turnover | 10.18 | 8.02 | 8.22 | 6.43 | 7.93 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,995,900K ÷ $1,178,160K
= 10.18
MasTec Inc's fixed asset turnover has shown a relatively consistent performance over the past five years, ranging from 6.43 to 10.18. This ratio indicates that the company generates a high level of revenue in relation to its investment in fixed assets. An increasing trend in fixed asset turnover demonstrates improved efficiency in utilizing fixed assets to generate sales.
The significant fluctuations in the ratio over the years may be attributed to changes in the company's operational efficiency, strategic investments in fixed assets, or variations in revenue generation. Overall, MasTec Inc's ability to generate substantial revenue from its fixed assets is a positive indicator of its operational efficiency and effective asset utilization.
Peer comparison
Dec 31, 2023