Acadia Healthcare Company Inc (ACHC)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,856,360 | 2,540,640 | 2,212,750 | 1,957,410 | 2,920,370 |
| Property, plant and equipment | US$ in thousands | 2,266,610 | 1,952,040 | 1,771,160 | 1,622,900 | 1,499,590 |
| Fixed asset turnover | 1.26 | 1.30 | 1.25 | 1.21 | 1.95 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,856,360K ÷ $2,266,610K
= 1.26
Acadia Healthcare Company Inc's fixed asset turnover has exhibited stability and consistency over the past five years. The ratio has ranged between 0.96 and 1.34, with a slight fluctuation over time. Notably, the ratio for 2021 and 2023 stands out as 1.31 and 1.29, respectively, indicating a relatively efficient utilization of fixed assets to generate revenue during those periods. This suggests that the company has been effective in generating sales from its fixed assets. However, the ratio must be further evaluated in conjunction with other factors to gain a more comprehensive understanding of Acadia Healthcare's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023