MasTec Inc (MTZ)
Fixed 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 | 12,303,470 | 12,180,450 | 12,185,100 | 12,098,130 | 11,995,940 | 11,724,220 | 10,980,620 | 10,408,290 | 9,778,030 | 8,579,040 | 8,469,890 | 8,130,760 | 7,951,780 | 7,779,210 | 7,073,160 | 6,679,800 | 6,320,980 | 6,393,400 | 6,711,740 | 7,081,450 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 2,132,910 | 2,100,730 | 2,006,830 | 2,033,640 | 1,791,750 | 1,826,640 | 1,704,020 | 1,696,500 | 1,260,940 | 1,281,790 | 1,024,510 | 982,328 | 994,193 | 972,177 | 937,309 |
| Fixed asset turnover | — | — | — | — | — | 5.50 | 5.23 | 5.19 | 4.81 | 4.79 | 4.64 | 4.77 | 4.69 | 6.17 | 5.52 | 6.52 | 6.43 | 6.43 | 6.90 | 7.56 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,303,470K ÷ $—K
= —
MasTec Inc's fixed asset turnover has shown some fluctuation over the observed periods. The ratio, which measures how effectively the company generates revenue from its fixed assets, was relatively high in the earlier periods, with values ranging from 6.43 to 7.56. However, it experienced a decline in more recent periods, dropping to a range of 4.64 to 6.17.
A decreasing trend in fixed asset turnover may suggest inefficiencies in asset utilization or a decline in revenue generation relative to the value of fixed assets. It could indicate underutilization of fixed assets or potential inefficiencies in the company's operations. Further investigation into the factors driving this decline would be warranted to understand the underlying reasons and to implement corrective measures if necessary.
The lack of data for the most recent periods makes it challenging to assess the current state of MasTec Inc's fixed asset turnover and whether the declining trend has continued. Monitoring this ratio over upcoming periods will be crucial to assess the company's efficiency in utilizing its fixed assets to generate revenue.
Peer comparison
Dec 31, 2024