NV5 Global Inc (NVEE)
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 | 857,905 | 966,943 | 932,890 | 919,202 | 877,471 | 836,060 | 800,848 | 780,942 | 786,779 | 785,516 | 766,994 | 743,765 | 706,706 | 679,329 | 663,725 | 646,911 | 659,296 | 630,716 | 591,799 | 557,084 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 88,020 | — | 80,954 | 79,050 | 80,152 | 78,196 | 76,989 | 74,189 | 73,640 | 71,562 | 70,618 | 73,986 | 74,579 | 27,759 |
| Fixed asset turnover | — | — | — | — | — | — | 9.10 | — | 9.72 | 9.94 | 9.57 | 9.51 | 9.18 | 9.16 | 9.01 | 9.04 | 9.34 | 8.52 | 7.94 | 20.07 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $857,905K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is generating revenue from its fixed assets. A higher ratio indicates better efficiency in utilizing fixed assets to generate sales.
For NV5 Global Inc, the fixed asset turnover ratio has shown a decreasing trend from March 2020 to September 2021, indicating a decline in the efficiency of generating sales from fixed assets during that period. However, from March 2023 onwards, the ratio has remained relatively stable between 9.10 and 9.94, suggesting a consistent level of efficiency in utilizing fixed assets to generate revenue.
Overall, NV5 Global Inc has maintained a relatively healthy fixed asset turnover ratio, indicating that the company is effectively using its fixed assets to generate sales. It is important for the company to continue monitoring and managing its fixed asset efficiency to ensure optimal utilization and sustainable growth in the future.
Peer comparison
Dec 31, 2024