MasTec Inc (MTZ)
Total 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 |
| Total assets | US$ in thousands | 8,975,280 | 9,373,510 | 9,293,260 | 7,121,390 | 5,227,850 |
| Total asset turnover | 1.37 | 1.28 | 1.05 | 1.12 | 1.21 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $12,303,500K ÷ $8,975,280K
= 1.37
MasTec Inc's total asset turnover has exhibited some fluctuations over the past five years. The ratio decreased from 1.21 in 2020 to 1.12 in 2021, indicating that the company generated less revenue relative to its total assets in 2021. This drop was followed by a further decrease to 1.05 in 2022, suggesting a potential lag in asset utilization or sales performance.
However, there was a notable improvement in total asset turnover in 2023, as the ratio increased to 1.28. This indicates that MasTec Inc became more efficient in generating revenue from its assets that year. The positive trend continued into 2024, with the total asset turnover reaching 1.37, signifying that the company was able to generate even more revenue per dollar of assets invested.
Overall, while there have been fluctuations in MasTec Inc's total asset turnover in recent years, the company demonstrated improvements in asset utilization and revenue generation by the most recent reporting period in 2024.
Peer comparison
Dec 31, 2024