Quanta Services Inc (PWR)
Total 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 |
| Total assets | US$ in thousands | 18,683,900 | 16,237,200 | 13,464,300 | 12,855,200 | 8,398,270 |
| Total asset turnover | 1.27 | 1.29 | 1.27 | 1.01 | 1.33 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $23,672,800K ÷ $18,683,900K
= 1.27
Quanta Services Inc's total asset turnover ratio has experienced fluctuations over the past five years. The ratio was 1.33 in December 2020, indicating that the company generated $1.33 in revenue for every dollar of assets during that period. However, there was a decline in this ratio to 1.01 in December 2021, suggesting a decrease in the efficiency of utilizing its assets to generate revenue.
Subsequently, the total asset turnover improved to 1.27 in December 2022, indicating a better utilization of assets to generate revenue. This improvement was maintained in December 2023 and 2024, with the ratio remaining steady at 1.29 and 1.27 respectively. Overall, while there have been fluctuations, Quanta Services Inc has generally shown a reasonable efficiency in generating revenue from its total assets over the analyzed period.
Peer comparison
Dec 31, 2024