United Rentals Inc (URI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,345,000 | 14,332,000 | 11,642,000 | 9,716,000 | 8,530,000 |
| Property, plant and equipment | US$ in thousands | — | — | 14,935,000 | 1,396,000 | 1,292,000 |
| Fixed asset turnover | — | — | 0.78 | 6.96 | 6.60 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,345,000K ÷ $—K
= —
United Rentals Inc's fixed asset turnover ratio has shown fluctuations over the years. In 2020, the ratio was 6.60, indicating that the company generated $6.60 in revenue for every $1 of fixed assets. This increased to 6.96 in 2021, suggesting improved efficiency in utilizing fixed assets to generate sales.
However, there was a significant drop in the fixed asset turnover ratio to 0.78 in 2022. This abrupt decline could be concerning as it may indicate issues with asset utilization or a decrease in revenue relative to fixed assets.
Unfortunately, no data is available for 2023 and 2024, which limits our ability to assess the company's recent performance in this aspect. Monitoring the fixed asset turnover ratio in the future can provide insights into how efficiently United Rentals Inc is utilizing its fixed assets to drive revenue.
Peer comparison
Dec 31, 2024