Vulcan Materials Company (VMC)
Total 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 |
| Total assets | US$ in thousands | 17,104,800 | 14,545,700 | 14,234,600 | 13,682,600 | 11,686,900 |
| Total asset turnover | 0.43 | 0.53 | 0.51 | 0.41 | 0.42 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,417,700K ÷ $17,104,800K
= 0.43
The total asset turnover for Vulcan Materials Company has shown fluctuating trends over the past five years. It decreased slightly from 0.42 in 2020 to 0.41 in 2021, indicating that the company generated less revenue relative to its total assets during that period.
However, there was a significant improvement in 2022 and 2023, with total asset turnover increasing to 0.51 and 0.53, respectively. This suggests that Vulcan Materials Company efficiently utilized its assets to generate higher revenue during these years.
In 2024, the total asset turnover dropped slightly to 0.43, indicating a decrease in revenue generated per dollar of assets compared to the previous year. Overall, the trend in total asset turnover for Vulcan Materials Company reflects fluctuations in asset efficiency and revenue generation over the five-year period.
Peer comparison
Dec 31, 2024