Acadia Healthcare Company Inc (ACHC)
Total 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 |
| Total assets | US$ in thousands | 5,358,840 | 4,987,900 | 4,768,080 | 6,499,360 | 6,879,140 |
| Total asset turnover | 0.53 | 0.51 | 0.46 | 0.30 | 0.42 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,856,360K ÷ $5,358,840K
= 0.53
The total asset turnover of Acadia Healthcare Company Inc has shown a steady increase over the past five years, climbing from 0.45 in 2019 to 0.55 in 2023. This indicates an improvement in the company's efficiency in generating sales from its total assets. A higher total asset turnover ratio signifies that the company is more effective in utilizing its assets to generate revenue. Acadia Healthcare Company Inc's increasing trend in total asset turnover suggests better management of its assets and potentially stronger operational performance in recent years.