MasTec Inc (MTZ)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	11,995,910	11,724,180	10,980,560	10,408,250	9,777,990	8,579,070	8,469,890	8,130,800	7,951,820	7,779,220	7,073,200	6,679,800	6,320,980	6,393,480	6,711,800	7,081,500	7,183,200	7,391,500	7,352,100	7,030,900
Total assets	US$ in thousands	9,373,510	9,529,730	9,287,800	9,055,340	9,293,260	7,475,700	7,404,700	7,088,000	7,121,400	6,013,250	5,901,630	5,538,300	5,227,900	5,201,750	4,989,980	4,893,500	4,997,000	4,858,650	4,797,400	4,860,390
Total asset turnover		1.28	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	1.44	1.52	1.53	1.45

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,995,910K ÷ $9,373,510K
= 1.28

MasTec Inc's total asset turnover ratio has exhibited fluctuation over the past five years. The ratio has ranged from a low of 1.05 to a high of 1.53 during this period. The company's efficiency in generating sales from its total assets has shown variability, with an overall trend of moderate performance. It is essential to consider the specific industry context and company strategy when evaluating the total asset turnover ratio and its implications for MasTec Inc's operational efficiency and asset utilization.

Peer comparison

Dec 31, 2023

Company name

Symbol

Total asset turnover

MasTec Inc

MTZ

1.28