Vulcan Materials Company (VMC)
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 | 7,417,600 | 7,398,300 | 7,580,200 | 7,678,700 | 7,782,000 | 7,679,600 | 7,582,100 | 7,423,500 | 7,315,200 | 7,189,600 | 6,617,810 | 6,024,560 | 5,552,200 | 5,121,020 | 4,914,400 | 4,875,930 | 4,856,830 | 4,867,860 | 4,976,730 | 4,981,830 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 6,633,500 | 6,105,800 | 6,044,900 | 6,623,900 | 6,559,500 | 5,743,200 | 5,725,600 | 6,238,200 | 5,546,950 | 4,830,000 | 4,363,340 | 4,426,000 | 4,343,800 | 4,383,010 | 4,401,090 |
| Fixed asset turnover | — | — | — | — | — | 1.16 | 1.24 | 1.23 | 1.10 | 1.10 | 1.15 | 1.05 | 0.89 | 0.92 | 1.02 | 1.12 | 1.10 | 1.12 | 1.14 | 1.13 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,417,600K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover indicates better utilization of assets.
Analyzing the fixed asset turnover ratio of Vulcan Materials Company over the provided periods, we observe the following trends:
1. From March 31, 2020, to June 30, 2021, the fixed asset turnover ratio remained relatively stable, fluctuating between 1.02 and 1.14. This indicates consistent efficiency in generating revenue from fixed assets during this period.
2. However, from September 30, 2021, to December 31, 2023, there was a gradual decline in the fixed asset turnover ratio, falling from 0.92 to 1.16. This could suggest a decrease in the efficiency of utilizing fixed assets to generate revenue.
3. Notably, the fixed asset turnover ratio saw a significant increase in the periods ending March 31, 2023, and June 30, 2023, reaching 1.23 and 1.24, respectively. This suggests a potential improvement in the company's efficiency in utilizing its fixed assets during these quarters.
4. For the periods after December 31, 2023, the data is not provided, as denoted by "—". As a result, we are unable to analyze the company's fixed asset turnover in subsequent quarters.
In conclusion, the fixed asset turnover ratio of Vulcan Materials Company exhibited fluctuations over the analyzed periods, indicating varying levels of efficiency in utilizing fixed assets to generate revenue. Further analysis of future data would be required to assess the long-term trend in asset utilization efficiency.
Peer comparison
Dec 31, 2024