Republic Services Inc (RSG)
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 | 17,278,600 | 16,950,800 | 16,689,900 | 16,324,100 | 15,643,000 | 15,044,700 | 14,352,700 | 13,730,800 | 13,321,800 | 12,896,000 | 12,488,000 | 12,067,100 | 12,031,500 | 12,033,800 | 12,116,200 | 12,304,300 | 12,193,100 | 12,139,500 | 12,041,100 | 11,939,300 |
| Property, plant and equipment | US$ in thousands | 11,064,200 | 10,701,400 | 10,561,700 | 10,658,600 | 10,455,700 | 10,439,600 | 10,395,800 | 9,191,100 | 8,940,400 | 8,938,900 | 8,816,300 | 8,679,200 | 8,498,500 | 8,527,500 | 8,499,100 | 8,442,000 | 8,383,500 | 8,257,600 | 8,093,600 | 7,989,700 |
| Fixed asset turnover | 1.56 | 1.58 | 1.58 | 1.53 | 1.50 | 1.44 | 1.38 | 1.49 | 1.49 | 1.44 | 1.42 | 1.39 | 1.42 | 1.41 | 1.43 | 1.46 | 1.45 | 1.47 | 1.49 | 1.49 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $17,278,600K ÷ $11,064,200K
= 1.56
Republic Services, Inc.'s fixed asset turnover has shown some variability over the past eight quarters. The fixed asset turnover ratio measures how efficiently the company is using its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue for each dollar invested in fixed assets.
The fixed asset turnover for Republic Services, Inc. ranged from a low of 1.18 in Q2 2022 to a high of 1.37 in Q3 2023 and Q2 2023. This indicates that the company has been relatively efficient in utilizing its fixed assets to generate revenue in those quarters.
Overall, Republic Services, Inc. has maintained a fairly consistent fixed asset turnover ratio above 1, which suggests that the company is effectively managing its fixed assets to generate revenue. However, the slight fluctuations in the ratio over the quarters may warrant further investigation to understand the factors driving these changes and assess the company's long-term operational efficiency.
Peer comparison
Dec 31, 2023