United Rentals Inc (URI)

Fixed asset turnover

		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	Mar 31, 2020
Revenue (ttm)	US$ in thousands	15,345,000	14,978,000	14,751,000	14,532,000	14,332,000	13,900,000	13,186,000	12,403,000	11,642,000	11,122,000	10,667,000	10,183,000	9,716,000	9,219,000	8,810,000	8,462,000	8,530,000	8,707,000	9,008,000	9,359,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	16,286,000	16,020,000	15,386,000	14,935,000	1,449,000	1,443,000	1,417,000	1,396,000	11,942,000	11,024,000	1,265,000	1,292,000	9,639,000	9,695,000	10,022,000
Fixed asset turnover		—	—	—	—	—	0.85	0.82	0.81	0.78	7.68	7.39	7.19	6.96	0.77	0.80	6.69	6.60	0.90	0.93	0.93

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $15,345,000K ÷ $—K
= —

United Rentals Inc's fixed asset turnover ratio has shown fluctuations over the past few years. The ratio was relatively low in the range of 0.80 to 0.93 for most quarters leading up to December 31, 2020. However, there was a significant increase by the end of December 31, 2020, with a ratio of 6.60. This sudden surge indicated that the company was generating $6.60 in revenue for every dollar invested in fixed assets, which could be a result of improved efficiency in asset utilization.

The trend continued to improve in the following quarters, reaching a peak of 7.68 by September 30, 2022. This sustained high ratio indicates that United Rentals Inc was effectively generating revenue from its fixed assets. However, there was a notable decline in the ratio in the subsequent quarters, dropping to around 0.78 to 0.85. This decrease could suggest a potential decrease in revenue generated from fixed assets or increased investment in fixed assets without corresponding revenue growth.

The data for the later quarters, from December 31, 2023, onwards, is not available, making it challenging to draw conclusions about the company's recent performance in terms of fixed asset turnover. It would be important to monitor the trend in the upcoming periods to assess the efficiency of United Rentals Inc's utilization of fixed assets in generating revenue.