Acadia Healthcare Company Inc (ACHC)
Fixed 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 | 2,856,360 | 2,780,177 | 2,699,314 | 2,624,041 | 2,540,639 | 2,462,656 | 2,385,780 | 2,316,095 | 2,212,751 | 2,176,120 | 2,418,088 | 2,579,003 | 2,821,506 | 3,060,462 | 2,977,248 | 2,991,616 | 2,964,078 | 2,927,393 | 2,911,051 | 2,890,225 |
| Property, plant and equipment | US$ in thousands | 2,266,610 | 2,145,600 | 2,074,140 | 1,998,040 | 1,952,040 | 1,908,990 | 1,857,300 | 1,795,790 | 1,771,160 | 1,665,020 | 1,651,270 | 1,654,730 | 1,622,900 | 3,253,720 | 3,160,780 | 3,151,740 | 1,499,590 | 3,131,420 | 3,164,080 | 3,173,050 |
| Fixed asset turnover | 1.26 | 1.30 | 1.30 | 1.31 | 1.30 | 1.29 | 1.28 | 1.29 | 1.25 | 1.31 | 1.46 | 1.56 | 1.74 | 0.94 | 0.94 | 0.95 | 1.98 | 0.93 | 0.92 | 0.91 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,856,360K ÷ $2,266,610K
= 1.26
Acadia Healthcare Company Inc's fixed asset turnover has been relatively stable over the past eight quarters, ranging from 1.29 to 1.35. This ratio indicates that, on average, the company generates between $1.29 and $1.35 in revenue for every dollar invested in fixed assets during the period. The consistent values suggest that Acadia Healthcare has been effectively utilizing its fixed assets to generate sales.
A fixed asset turnover ratio above 1 suggests that the company is efficiently using its fixed assets to generate revenue. The incremental increase in the ratio over the quarters indicates an improvement in the company's efficiency in utilizing its fixed assets to drive sales. This could be a positive sign of operational efficiency, prudent asset management, or increased productivity.
However, it is essential to consider industry benchmarks and compare Acadia Healthcare's fixed asset turnover with its peers to gain a better understanding of its performance. Additionally, further analysis of the company's investment in fixed assets, revenue growth, and profitability metrics would provide a more comprehensive view of its overall financial health and operational effectiveness.
Peer comparison
Dec 31, 2023