Quanta Services Inc (PWR)
Total 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 |
| Total assets | US$ in thousands | 18,683,900 | 18,866,300 | 15,929,200 | 15,542,400 | 16,237,200 | 15,188,400 | 14,740,800 | 14,039,100 | 13,464,300 | 13,296,600 | 13,049,600 | 13,015,100 | 12,855,200 | 10,675,700 | 8,720,600 | 8,557,410 | 8,398,270 | 8,325,490 | 8,089,630 | 8,228,940 |
| Total asset turnover | 1.27 | 1.21 | 1.38 | 1.38 | 1.29 | 1.28 | 1.25 | 1.25 | 1.27 | 1.25 | 1.19 | 1.09 | 1.01 | 1.12 | 1.33 | 1.30 | 1.33 | 1.37 | 1.45 | 1.47 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,672,800K ÷ $18,683,900K
= 1.27
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. A higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets. Quanta Services Inc's total asset turnover has fluctuated over the past few years, starting at 1.47 in March 2020 and gradually decreasing to 1.01 by December 2021. This downward trend may signify a decrease in asset efficiency or slower revenue generation.
However, there has been a slight improvement in the company's total asset turnover since then, with the ratio increasing to 1.29 by December 2023. This uptick suggests that Quanta Services Inc may have started utilizing its assets more effectively to generate revenue. The ratio further increased to 1.27 by December 2024, indicating continued improvement in asset turnover.
Overall, the trend of Quanta Services Inc's total asset turnover reflects fluctuations in asset efficiency and revenue generation over the years. Investors and analysts may continue to monitor the company's total asset turnover to assess its operational efficiency and financial performance.
Peer comparison
Dec 31, 2024