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Builders FirstSource Inc. (NYSE:BLDR)

This company has been moved to the archive! The financial data has not been updated since November 1, 2023.

Total Asset Turnover
since 2005

Microsoft Excel

Calculation

Builders FirstSource Inc., total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Net sales1 ÷ Total assets1
Dec 31, 2022 2.14 = 22,726,418 ÷ 10,595,160
Dec 31, 2021 1.86 = 19,893,856 ÷ 10,714,343
Dec 31, 2020 2.05 = 8,558,874 ÷ 4,173,671
Dec 31, 2019 2.24 = 7,280,431 ÷ 3,249,490
Dec 31, 2018 2.63 = 7,724,771 ÷ 2,932,309
Dec 31, 2017 2.34 = 7,034,209 ÷ 3,006,124
Dec 31, 2016 2.19 = 6,367,284 ÷ 2,909,887
Dec 31, 2015 1.24 = 3,564,425 ÷ 2,882,038
Dec 31, 2014 2.75 = 1,604,096 ÷ 583,065
Dec 31, 2013 2.89 = 1,489,892 ÷ 515,839
Dec 31, 2012 1.94 = 1,070,676 ÷ 550,841
Dec 31, 2011 1.59 = 779,093 ÷ 488,803
Dec 31, 2010 1.70 = 700,343 ÷ 412,804
Dec 31, 2009 1.56 = 677,886 ÷ 434,951
Dec 31, 2008 1.99 = 1,034,524 ÷ 521,140
Dec 31, 2007 2.46 = 1,592,462 ÷ 647,423
Dec 31, 2006 2.99 = 2,239,454 ÷ 748,515
Dec 31, 2005 3.23 = 2,337,757 ÷ 724,407

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

The total asset turnover ratio exhibits significant volatility over the analyzed period, characterized by three distinct phases: a sharp contraction, a lean recovery, and a period of aggressive capital expansion. While net sales experienced exponential growth toward the end of the period, the efficiency of asset utilization shifted as the company's scale increased.

Contraction Phase (2005–2009)
A consistent downward trend in total asset turnover is observed, falling from a peak of 3.23 in 2005 to a low of 1.56 in 2009. This decline aligns with a substantial reduction in net sales, which dropped from 2.3 billion to approximately 678 million, indicating that revenue fell more rapidly than the company could divest or reduce its asset base.
Recovery and Efficiency Gains (2010–2014)
An upward trajectory in asset turnover is noted during this interval, reaching 2.89 in 2013. This improvement was driven by a steady increase in net sales while the total asset base remained relatively stable, suggesting a period of high operational efficiency and optimized asset utilization.
Scaling and Asset Integration (2015–2022)
A significant structural shift occurred in 2015, where total assets surged from 583 million to 2.88 billion, causing the turnover ratio to drop sharply to 1.24. This indicates a period of massive expansion where asset acquisition initially outpaced revenue growth. In the subsequent years, the ratio recovered and stabilized, fluctuating between 1.86 and 2.63. By 2022, although net sales reached a peak of 22.7 billion, the asset turnover ratio stood at 2.14, reflecting a balanced relationship between a vastly expanded asset base of 10.6 billion and record-high revenue levels.

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Comparison to Competitors

Builders FirstSource Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
Builders FirstSource Inc. Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Honeywell International Inc. Lockheed Martin Corp. RTX Corp.
Dec 31, 2022 2.14 0.49 0.69 0.59 0.39 0.57 1.25 0.42
Dec 31, 2021 1.86 0.45 0.58 0.58 0.36 0.53 1.32 0.40
Dec 31, 2020 2.05 0.38 0.50 0.56 0.29 0.51 1.29 0.35
Dec 31, 2019 2.24 0.57 0.65 0.65 0.33 0.63 1.26 0.55
Dec 31, 2018 2.63 0.86 0.66 0.70 0.37 0.72 1.20 0.50
Dec 31, 2017 2.34 1.01 0.55 0.63 0.30 0.68 1.10 0.62
Dec 31, 2016 2.19 1.05 0.48 0.65 0.30 0.73 0.99 0.64
Dec 31, 2015 1.24 1.02 0.56 0.67 0.21 0.78 0.94 0.64
Dec 31, 2014 2.75 0.91 0.62 0.67 0.16 0.89 1.23 0.71
Dec 31, 2013 2.89 0.93 0.62 0.62 0.15 0.86 1.25 0.69
Dec 31, 2012 1.94 0.92 0.71 0.46 0.15 0.90 1.22 0.65
Dec 31, 2011 1.59 0.86 0.70 0.90 0.13 0.92 1.23 0.95
Dec 31, 2010 1.70 0.94 0.62 0.79 0.13 0.88 1.31 0.93
Dec 31, 2009 1.56 1.10 0.49 0.73 0.13 0.86 1.29 0.94
Dec 31, 2008 1.99 1.13 0.71 0.92 0.14 1.03 1.28 1.03
Dec 31, 2007 2.46 1.13 0.75 0.97 0.13 1.02 1.45 0.99
Dec 31, 2006 2.99 1.19 0.76 1.08 0.14 1.01 1.40 1.00
Dec 31, 2005 3.23 0.91 0.72 1.09 0.14 0.86 1.34 0.92

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Capital Goods)

Builders FirstSource Inc., total asset turnover, long-term trends, comparison to sector (capital goods)

Microsoft Excel
Builders FirstSource Inc. Capital Goods
Dec 31, 2022 2.14 0.54
Dec 31, 2021 1.86 0.50
Dec 31, 2020 2.05 0.43
Dec 31, 2019 2.24 0.54
Dec 31, 2018 2.63 0.58
Dec 31, 2017 2.34 0.54
Dec 31, 2016 2.19 0.54
Dec 31, 2015 1.24 0.46
Dec 31, 2014 2.75 0.41
Dec 31, 2013 2.89 0.39
Dec 31, 2012 1.94 0.38
Dec 31, 2011 1.59 0.36
Dec 31, 2010 1.70 0.34
Dec 31, 2009 1.56 0.33
Dec 31, 2008 1.99 0.35
Dec 31, 2007 2.46 0.34
Dec 31, 2006 2.99 0.36
Dec 31, 2005 3.23 0.33

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

Builders FirstSource Inc., total asset turnover, long-term trends, comparison to industry (industrials)

Microsoft Excel
Builders FirstSource Inc. Industrials
Dec 31, 2022 2.14 0.66
Dec 31, 2021 1.86 0.58
Dec 31, 2020 2.05 0.50
Dec 31, 2019 2.24 0.62
Dec 31, 2018 2.63 0.67
Dec 31, 2017 2.34 0.62
Dec 31, 2016 2.19 0.61
Dec 31, 2015 1.24 0.54
Dec 31, 2014 2.75 0.49
Dec 31, 2013 2.89 0.47
Dec 31, 2012 1.94 0.46
Dec 31, 2011 1.59 0.45
Dec 31, 2010 1.70 0.41
Dec 31, 2009 1.56 0.39
Dec 31, 2008 1.99 0.43
Dec 31, 2007 2.46 0.41
Dec 31, 2006 2.99 0.43
Dec 31, 2005 3.23 0.40

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).