Quanta Services Inc (PWR)

Fixed 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 20,699,050 19,351,160 18,210,790 17,413,820 16,964,340 16,466,920 15,376,000 14,164,130 12,918,810 11,929,390 11,598,750 11,105,910 11,160,720 11,373,800 11,696,580 12,023,630 12,064,950 12,064,370 11,706,800 14,182,960
Property, plant and equipment US$ in thousands 2,301,170 2,290,330 2,233,610 2,191,200 2,027,230 2,025,220 2,024,240 1,976,250 1,917,280 1,601,500 1,606,060 1,580,740 2,930,420 1,435,390 1,378,090 1,387,140 2,635,810 1,390,210 1,354,470 1,317,010
Fixed asset turnover 9.00 8.45 8.15 7.95 8.37 8.13 7.60 7.17 6.74 7.45 7.22 7.03 3.81 7.92 8.49 8.67 4.58 8.68 8.64 10.77

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $20,699,050K ÷ $2,301,170K
= 9.00

Quanta Services, Inc. has consistently shown a high fixed asset turnover ratio over the past 8 quarters, with values ranging from 7.21 to 8.94. This indicates that the company efficiently utilizes its fixed assets to generate sales revenue. The increasing trend in the fixed asset turnover ratio from Q1 2022 to Q4 2023 suggests that Quanta Services has been able to improve its operational efficiency in using its fixed assets to generate revenue. This could be a positive sign of effective asset management, cost control, and overall operational performance within the company. The high and stable fixed asset turnover ratio of Quanta Services implies that the company is efficiently deploying its resources to drive sales.


Peer comparison

Dec 31, 2023

Company name
Symbol
Fixed asset turnover
Quanta Services Inc
PWR
9.00
Comfort Systems USA Inc
FIX
24.96
EMCOR Group Inc
EME
70.15