Stock Analysis on Net

Builders FirstSource Inc. (NYSE:BLDR)

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

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

Builders FirstSource Inc., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net fixed asset turnover 14.50 14.36 11.43 10.09 11.53
Net fixed asset turnover (including operating lease, right-of-use asset) 11.07 10.79 8.36 7.18 11.53
Total asset turnover 2.14 1.86 2.05 2.24 2.63
Equity turnover 4.58 4.14 7.42 8.83 12.95

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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Builders FirstSource Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Builders FirstSource Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Builders FirstSource Inc. total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Builders FirstSource Inc. equity turnover ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Net Fixed Asset Turnover

Builders FirstSource Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 22,726,418 19,893,856 8,558,874 7,280,431 7,724,771
Property, plant and equipment, net 1,567,631 1,385,441 749,130 721,887 670,075
Long-term Activity Ratio
Net fixed asset turnover1 14.50 14.36 11.43 10.09 11.53
Benchmarks
Net Fixed Asset Turnover, Competitors2
Boeing Co. 6.31 5.70 4.92 6.12
Caterpillar Inc. 4.70 3.99 3.15 3.93
Eaton Corp. plc 6.59 6.41 6.02 6.12
GE Aerospace 5.96 5.47 1.75 2.02
Honeywell International Inc. 6.48 6.18 5.86 6.89
Lockheed Martin Corp. 8.27 8.83 9.07 9.07
RTX Corp. 4.42 4.30 3.78 6.04
Net Fixed Asset Turnover, Sector
Capital Goods 5.79 5.46 3.55 4.23
Net Fixed Asset Turnover, Industry
Industrials 3.22 3.04 2.41 2.76

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).

1 2022 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 22,726,418 ÷ 1,567,631 = 14.50

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Builders FirstSource Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Builders FirstSource Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 22,726,418 19,893,856 8,558,874 7,280,431 7,724,771
 
Property, plant and equipment, net 1,567,631 1,385,441 749,130 721,887 670,075
Operating lease right-of-use assets, net 485,704 457,833 274,562 292,684
Property, plant and equipment, net (including operating lease, right-of-use asset) 2,053,335 1,843,274 1,023,692 1,014,571 670,075
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 11.07 10.79 8.36 7.18 11.53
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Boeing Co. 5.55 5.04 4.45 5.59
Caterpillar Inc. 4.49 3.79 3.00 3.75
Eaton Corp. plc 5.58 5.60 5.26 5.44
GE Aerospace 5.08 4.55 1.63 1.89
Honeywell International Inc. 5.58 5.28 5.15 6.12
Lockheed Martin Corp. 7.27 7.54 7.96 7.88
RTX Corp. 3.95 3.80 3.36 5.02
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Capital Goods 5.13 4.80 3.25 3.86
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Industrials 2.77 2.62 2.13 2.57

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).

1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 22,726,418 ÷ 2,053,335 = 11.07

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Builders FirstSource Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.

Total Asset Turnover

Builders FirstSource Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 22,726,418 19,893,856 8,558,874 7,280,431 7,724,771
Total assets 10,595,160 10,714,343 4,173,671 3,249,490 2,932,309
Long-term Activity Ratio
Total asset turnover1 2.14 1.86 2.05 2.24 2.63
Benchmarks
Total Asset Turnover, Competitors2
Boeing Co. 0.49 0.45 0.38 0.57
Caterpillar Inc. 0.69 0.58 0.50 0.65
Eaton Corp. plc 0.59 0.58 0.56 0.65
GE Aerospace 0.39 0.36 0.29 0.33
Honeywell International Inc. 0.57 0.53 0.51 0.63
Lockheed Martin Corp. 1.25 1.32 1.29 1.26
RTX Corp. 0.42 0.40 0.35 0.55
Total Asset Turnover, Sector
Capital Goods 0.54 0.50 0.43 0.54
Total Asset Turnover, Industry
Industrials 0.66 0.60 0.51 0.61

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).

1 2022 Calculation
Total asset turnover = Net sales ÷ Total assets
= 22,726,418 ÷ 10,595,160 = 2.14

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Builders FirstSource Inc. total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Equity Turnover

Builders FirstSource Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 22,726,418 19,893,856 8,558,874 7,280,431 7,724,771
Stockholders’ equity 4,962,566 4,802,481 1,152,783 824,953 596,338
Long-term Activity Ratio
Equity turnover1 4.58 4.14 7.42 8.83 12.95
Benchmarks
Equity Turnover, Competitors2
Boeing Co.
Caterpillar Inc. 3.57 2.92 2.55 3.48
Eaton Corp. plc 1.22 1.20 1.20 1.33
GE Aerospace 2.02 1.76 2.05 3.09
Honeywell International Inc. 2.12 1.85 1.86 1.98
Lockheed Martin Corp. 7.12 6.12 10.87 19.13
RTX Corp. 0.92 0.88 0.78 1.84
Equity Turnover, Sector
Capital Goods 2.54 2.28 2.39 3.60
Equity Turnover, Industry
Industrials 2.94 2.58 2.75 3.53

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).

1 2022 Calculation
Equity turnover = Net sales ÷ Stockholders’ equity
= 22,726,418 ÷ 4,962,566 = 4.58

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Builders FirstSource Inc. equity turnover ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.