Rollins Inc (ROL)
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 | 3,069,673 | 2,969,441 | 2,863,419 | 2,760,623 | 2,693,185 | 2,599,388 | 2,520,954 | 2,445,989 | 2,391,431 | 2,360,474 | 2,293,748 | 2,208,873 | 2,161,220 | 2,130,913 | 2,103,681 | 2,074,309 | 2,015,477 | 1,954,115 | 1,885,388 | 1,841,892 |
| Property, plant and equipment | US$ in thousands | 126,661 | 124,381 | 123,470 | 124,117 | 128,046 | 130,362 | 130,424 | 132,680 | 133,257 | 131,549 | 134,911 | 143,899 | 178,052 | 186,825 | 191,141 | 194,854 | 195,533 | 197,549 | 201,196 | 136,806 |
| Fixed asset turnover | 24.24 | 23.87 | 23.19 | 22.24 | 21.03 | 19.94 | 19.33 | 18.44 | 17.95 | 17.94 | 17.00 | 15.35 | 12.14 | 11.41 | 11.01 | 10.65 | 10.31 | 9.89 | 9.37 | 13.46 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,069,673K ÷ $126,661K
= 24.24
The fixed asset turnover of Rollins, Inc. has been consistently increasing over the past eight quarters, indicating that the company is generating more revenue per dollar of fixed assets. The trend reflects efficient utilization of its fixed assets to drive sales and business operations. The latest value of 24.26 in Q4 2023 signifies that Rollins, Inc. generated $24.26 in revenue for every $1 of fixed assets during that quarter, the highest in the given period. This improvement suggests better operational efficiency and management of fixed assets, contributing positively to the company's overall financial performance and profitability.
Peer comparison
Dec 31, 2023