Quanta Services Inc (PWR)
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 | 23,672,800 | 22,903,330 | 22,030,980 | 21,485,200 | 20,882,210 | 19,514,880 | 18,353,820 | 17,537,210 | 17,073,900 | 16,580,820 | 15,474,340 | 14,242,160 | 12,980,220 | 11,968,860 | 11,635,740 | 11,142,150 | 11,202,670 | 11,403,290 | 11,736,030 | 12,069,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 2,539,920 | 2,475,420 | 2,431,920 | 2,260,160 | 2,252,930 | 2,250,730 | 2,214,780 | 2,160,300 | 1,833,780 | 1,845,780 | 1,835,660 | 1,817,500 | 1,703,420 | 1,655,500 | 1,675,590 |
| Fixed asset turnover | — | — | — | — | — | 7.68 | 7.41 | 7.21 | 7.55 | 7.36 | 6.88 | 6.43 | 6.01 | 6.53 | 6.30 | 6.07 | 6.16 | 6.69 | 7.09 | 7.20 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $23,672,800K ÷ $—K
= —
Quanta Services Inc's fixed asset turnover has shown a generally increasing trend from March 31, 2020, to September 30, 2022. The ratio started at 7.20 on March 31, 2020, and reached its peak of 7.55 on December 31, 2022. This indicates that the company generated $7.55 in revenue for every dollar invested in fixed assets at the end of 2022.
However, there was a slight dip in the fixed asset turnover ratio in the subsequent periods, with the ratio falling to 6.01 by December 31, 2021. This could suggest a decrease in the efficiency of utilizing fixed assets to generate revenue during that period.
From March 31, 2022, the fixed asset turnover ratio began to recover, climbing to 7.41 by June 30, 2023, and eventually reaching 7.68 by September 30, 2023. This upward trend indicates an improvement in the company's ability to generate sales from its fixed assets.
It is worth noting that the data is not available for the periods beyond December 31, 2023, which limits the ability to analyze the company's recent performance in terms of fixed asset turnover. Overall, the fluctuations in the fixed asset turnover ratio highlight the importance of efficiently managing and utilizing fixed assets to drive revenue growth for Quanta Services Inc.
Peer comparison
Dec 31, 2024