MasTec Inc (MTZ)
Total 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 |
| Total assets | US$ in thousands | 8,975,280 | 8,762,970 | 8,678,990 | 8,745,350 | 9,758,610 | 9,529,730 | 9,287,820 | 9,055,340 | 9,293,260 | 7,475,660 | 7,404,690 | 7,088,000 | 7,121,390 | 6,013,250 | 5,901,630 | 5,538,300 | 5,227,850 | 5,201,750 | 4,989,980 | 4,893,550 |
| Total asset turnover | 1.37 | 1.39 | 1.40 | 1.38 | 1.23 | 1.23 | 1.18 | 1.15 | 1.05 | 1.15 | 1.14 | 1.15 | 1.12 | 1.29 | 1.20 | 1.21 | 1.21 | 1.23 | 1.35 | 1.45 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,303,470K ÷ $8,975,280K
= 1.37
The total asset turnover ratio for MasTec Inc has fluctuated over the past few years, ranging from a low of 1.05 at the end of December 2022 to a high of 1.45 at the end of March 2020. This ratio measures the efficiency of the company in generating revenue from its total assets. A higher total asset turnover ratio indicates that the company is better at using its assets to generate sales.
The trend in MasTec Inc's total asset turnover ratio shows some variability, with a general decrease observed from 2020 to 2024, with a slight uptick in the most recent quarters. It's important to assess the context in which these changes occurred, such as changes in the company's business strategy, acquisitions, or industry dynamics, to fully understand the implications of the fluctuating total asset turnover ratio. Further analysis and comparison with industry benchmarks can provide additional insights into the company's efficiency in asset utilization.
Peer comparison
Dec 31, 2024