Vulcan Materials Company (VMC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,417,700 | 7,781,900 | 7,315,200 | 5,552,200 | 4,856,830 |
| Property, plant and equipment | US$ in thousands | — | — | 6,623,900 | 6,238,200 | 4,426,000 |
| Fixed asset turnover | — | — | 1.10 | 0.89 | 1.10 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,417,700K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate revenue. In the case of Vulcan Materials Company, the trend in the fixed asset turnover ratio over the past few years is as follows:
- As of December 31, 2020, the fixed asset turnover ratio was 1.10, indicating that Vulcan Materials Company generated $1.10 in revenue for every dollar invested in fixed assets.
- By December 31, 2021, the fixed asset turnover ratio decreased to 0.89, showing a decline in efficiency in utilizing fixed assets to generate revenue.
- The ratio then improved back to 1.10 by December 31, 2022, suggesting a return to a more efficient use of fixed assets.
- Unfortunately, data for December 31, 2023, and December 31, 2024, is not available, making it difficult to assess the most recent performance of the company in terms of fixed asset turnover.
Overall, Vulcan Materials Company experienced fluctuations in its fixed asset turnover ratio, with a notable decline in 2021 followed by a recovery in 2022. Monitoring this ratio in the future will be crucial to track the company's efficiency in utilizing fixed assets to generate revenue.
Peer comparison
Dec 31, 2024