Vulcan Materials Company (VMC)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,782,000 | 7,679,600 | 7,582,100 | 7,423,500 | 7,315,200 | 7,189,600 | 6,617,800 | 6,024,500 | 5,552,100 | 5,120,920 | 4,914,310 | 4,875,890 | 4,856,830 | 4,867,860 | 4,976,730 | 4,981,830 | 4,929,101 | 4,831,001 | 4,652,441 | 4,524,911 |
| Property, plant and equipment | US$ in thousands | 6,217,700 | 6,112,000 | 6,105,800 | 6,044,900 | 6,051,300 | 5,985,300 | 5,743,200 | 5,725,600 | 5,546,800 | 5,546,900 | 4,365,200 | 4,363,300 | 4,426,000 | 4,343,800 | 4,383,010 | 4,401,090 | 4,316,040 | 4,287,340 | 4,290,680 | 4,275,340 |
| Fixed asset turnover | 1.25 | 1.26 | 1.24 | 1.23 | 1.21 | 1.20 | 1.15 | 1.05 | 1.00 | 0.92 | 1.13 | 1.12 | 1.10 | 1.12 | 1.14 | 1.13 | 1.14 | 1.13 | 1.08 | 1.06 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,782,000K ÷ $6,217,700K
= 1.25
The fixed asset turnover ratio for Vulcan Materials Co has shown a gradual increasing trend over the past eight quarters, indicating an improvement in the company's ability to generate revenue from its fixed assets. The ratio has ranged from 1.05 in Q1 2022 to 1.26 in Q3 2023, with a peak of 1.26 in Q3 2023. This suggests that the company is utilizing its fixed assets more efficiently to generate sales, which is a positive sign for investors and creditors. Overall, the increasing trend in the fixed asset turnover ratio reflects positively on Vulcan Materials Co's operational efficiency and asset management.
Peer comparison
Dec 31, 2023