Vulcan Materials Company (VMC)
Total 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 |
| Total assets | US$ in thousands | 14,545,700 | 14,620,500 | 14,333,600 | 14,076,900 | 14,234,600 | 14,615,800 | 14,181,500 | 13,860,800 | 13,682,600 | 13,688,000 | 11,571,000 | 11,332,800 | 11,686,900 | 11,590,500 | 11,398,700 | 10,629,400 | 10,648,800 | 10,539,700 | 10,480,800 | 10,296,900 |
| Total asset turnover | 0.54 | 0.53 | 0.53 | 0.53 | 0.51 | 0.49 | 0.47 | 0.43 | 0.41 | 0.37 | 0.42 | 0.43 | 0.42 | 0.42 | 0.44 | 0.47 | 0.46 | 0.46 | 0.44 | 0.44 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,782,000K ÷ $14,545,700K
= 0.54
The total asset turnover ratio measures a company's efficiency in generating sales revenue relative to its total assets. Vulcan Materials Co has consistently maintained a total asset turnover ratio around 0.53 over the past four quarters, indicating that for every dollar of assets the company holds, it generates approximately $0.53 in sales revenue.
The stable total asset turnover ratio suggests that Vulcan Materials Co is effectively utilizing its assets to generate revenue. Comparing to the previous year, the company has exhibited a slight improvement in its efficiency as the ratio has increased from 0.51 in Q4 2022 to 0.53 in Q4 2023.
Overall, the trend in Vulcan Materials Co's total asset turnover ratio indicates a consistent and efficient use of assets to drive sales. This stability suggests that the company is effectively managing its operations and capital investments in a manner that is yielding positive results in terms of revenue generation.
Peer comparison
Dec 31, 2023