NV5 Global Inc (NVEE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 483,233 | 861,739 | 786,778 | 706,706 | 659,296 |
| Property, plant and equipment | US$ in thousands | — | — | 80,954 | 76,989 | 70,618 |
| Fixed asset turnover | — | — | 9.72 | 9.18 | 9.34 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $483,233K ÷ $—K
= —
The fixed asset turnover ratio of NV5 Global Inc has shown a relatively stable trend over the past few years. In 2020, the fixed asset turnover was 9.34, slightly decreasing to 9.18 in 2021, before increasing to 9.72 in 2022. However, the data for 2023 and 2024 is not available.
This ratio indicates that NV5 Global Inc is efficiently utilizing its fixed assets to generate revenue. A high fixed asset turnover ratio signifies that the company is generating a significant amount of sales relative to its investment in fixed assets. It suggests that the company is effectively managing and utilizing its fixed assets to drive revenue and profits.
Although the ratio fluctuated slightly over the years, the overall trend indicates that NV5 Global Inc has been efficient in generating revenue from its fixed assets. It is essential for the company to maintain this efficiency in asset utilization to continue driving profitability and long-term growth.
Peer comparison
Dec 31, 2024