Rollins Inc (ROL)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,069,670 | 2,693,180 | 2,423,470 | 2,161,220 | 2,015,480 |
| Property, plant and equipment | US$ in thousands | 126,661 | 128,046 | 133,257 | 178,052 | 195,533 |
| Fixed asset turnover | 24.24 | 21.03 | 18.19 | 12.14 | 10.31 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,069,670K ÷ $126,661K
= 24.24
The fixed asset turnover ratio for Rollins, Inc. has been consistently improving over the past five years, indicating that the company is utilizing its fixed assets more efficiently to generate revenue. The ratio has been steadily increasing from 10.31 in 2019 to 24.26 in 2023. This trend suggests that Rollins, Inc. is able to generate more sales relative to its investment in fixed assets, reflecting effective asset management and operational efficiency. A higher fixed asset turnover ratio is generally favorable as it signifies that the company is maximizing the productivity of its fixed assets in generating revenue. This positive trend in fixed asset turnover ratio for Rollins, Inc. signals efficient utilization of resources and may indicate improved profitability and financial performance.
Peer comparison
Dec 31, 2023