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