Sterling Construction Company Inc (STRL)
Fixed asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,106,345 | 2,115,756 | 2,102,901 | 2,069,507 | 2,009,010 | 1,972,229 | 1,934,858 | 1,931,453 | 1,919,696 | 1,926,437 | 1,879,165 | 1,785,672 | 1,676,770 | 1,581,766 | 1,527,659 | 1,447,668 | 1,446,040 | 1,427,412 | 1,426,728 | 1,334,969 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 289,567 | — | 274,897 | 283,031 | 261,604 | — | 228,836 | 165,914 | 158,624 | 151,232 | 143,183 | 121,534 | 119,596 |
| Fixed asset turnover | — | — | — | — | — | — | — | 6.67 | — | 7.01 | 6.64 | 6.83 | — | 6.91 | 9.21 | 9.13 | 9.56 | 9.97 | 11.74 | 11.16 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,106,345K ÷ $—K
= —
The fixed asset turnover ratio for Sterling Construction Company Inc. exhibits a generally declining trend from June 30, 2020, through December 31, 2021. Specifically, the ratio decreased from 11.16 in June 2020 to a low of 6.91 by the end of 2021, indicating a reduction in sales generated per dollar of fixed assets during this period. This decline suggests potential challenges in utilizing fixed assets efficiently or changes in sales volume relative to the company's asset base.
Starting from March 2022, the ratio was not reported, but subsequent figures reveal a relatively stable yet modestly decreasing pattern, with percentages of approximately 6.83, 6.64, and 7.01 through June 2022 to December 2022. The ratios during this period suggest that the company's ability to generate sales from its fixed assets remained relatively consistent but subdued compared to the earlier period.
From December 2022 onward, the data is not available for subsequent quarters, indicating either a lack of reporting or data collection inconsistencies beyond this date. Overall, the trend from 2020 to 2022 reflects a decline in fixed asset utilization efficiency, which may be attributable to operational, strategic, or market factors impacting sales performance relative to fixed asset levels.
Peer comparison
Mar 31, 2025