Quanta Services Inc (PWR)
Total 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 |
| Total assets | US$ in thousands | 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 | 8,331,680 | 8,865,090 | 8,021,820 | 7,652,520 |
| Total asset turnover | 1.27 | 1.27 | 1.24 | 1.24 | 1.26 | 1.24 | 1.18 | 1.09 | 1.00 | 1.12 | 1.33 | 1.30 | 1.33 | 1.37 | 1.45 | 1.46 | 1.45 | 1.36 | 1.46 | 1.85 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $20,699,050K ÷ $16,237,200K
= 1.27
Quanta Services, Inc.'s total asset turnover has shown a relatively stable range over the past eight quarters, fluctuating between 1.09 and 1.29. The average total asset turnover during this period is approximately 1.23. This indicates that, on average, Quanta Services generates $1.23 in revenue for every dollar in total assets it holds.
The upward trend in total asset turnover from Q1 2022 to Q4 2023 suggests that the company has been more effective in utilizing its assets to generate revenue over time. Additionally, the consistent total asset turnover values above 1 indicate that Quanta Services is efficient in managing its total assets to generate sales.
However, it is important to note that total asset turnover should be analyzed in conjunction with other financial ratios and performance metrics to get a comprehensive understanding of Quanta Services' overall financial health and operational efficiency.
Peer comparison
Dec 31, 2023