Quanta Services Inc (PWR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,672,800 | 20,882,200 | 17,073,900 | 12,980,200 | 11,202,700 |
| Property, plant and equipment | US$ in thousands | — | — | 2,260,160 | 2,160,300 | 1,817,500 |
| Fixed asset turnover | — | — | 7.55 | 6.01 | 6.16 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $23,672,800K ÷ $—K
= —
Quanta Services Inc's fixed asset turnover ratio has shown a consistent and favorable trend from December 31, 2020 to December 31, 2022. In 2020, the ratio was 6.16, indicating that the company generated $6.16 in revenue for every $1 of fixed assets. The ratio improved to 7.55 by the end of 2022, highlighting the company's efficiency in utilizing its fixed assets to generate revenue.
However, the data for December 31, 2023, and December 31, 2024 are not available (denoted by "—"), which makes it challenging to assess the trend beyond 2022.
Overall, the increasing trend in the fixed asset turnover ratio over the observed period reflects Quanta Services Inc's ability to effectively utilize its fixed assets to drive revenue generation. This efficiency is a positive indicator of the company's operational performance and management of its asset base.
Peer comparison
Dec 31, 2024