NV5 Global Inc (NVEE)
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 | 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 |
| Total assets | US$ in thousands | 1,315,360 | 1,293,200 | 1,234,380 | 1,211,960 | 1,241,200 | 1,205,960 | 1,167,830 | 1,089,870 | 935,723 | 962,139 | 946,960 | 959,853 | 961,943 | 960,884 | 933,403 | 896,331 | 881,175 | 883,324 | 897,115 | 891,418 |
| Total asset turnover | 0.65 | 0.75 | 0.76 | 0.76 | 0.71 | 0.69 | 0.69 | 0.72 | 0.84 | 0.82 | 0.81 | 0.77 | 0.73 | 0.71 | 0.71 | 0.72 | 0.75 | 0.71 | 0.66 | 0.62 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $857,905K ÷ $1,315,360K
= 0.65
The total asset turnover of NV5 Global Inc increased steadily from March 31, 2020, to June 30, 2022, indicating that the company became more efficient in generating sales revenue relative to its total assets during this period. However, there was a slight decrease in total asset turnover in the subsequent quarters, with fluctuations observed. Overall, the company's total asset turnover ranged from a low of 0.62 on March 31, 2020, to a high of 0.84 on December 31, 2022. The fluctuations in the ratio suggest varying levels of efficiency in asset utilization by NV5 Global Inc over the analyzed period.
Peer comparison
Dec 31, 2024