Acadia Healthcare Company Inc (ACHC)
Total 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 |
Total assets | US$ in thousands | 5,358,840 | 5,346,220 | 5,150,210 | 5,044,260 | 4,987,900 | 4,943,100 | 4,882,640 | 4,834,640 | 4,768,080 | 4,594,730 | 4,564,000 | 4,526,920 | 6,499,360 | 7,105,140 | 6,833,230 | 6,718,000 | 6,879,140 | 6,728,120 | 6,790,420 | 6,785,520 |
Total asset turnover | 0.53 | 0.52 | 0.52 | 0.52 | 0.51 | 0.50 | 0.49 | 0.48 | 0.46 | 0.47 | 0.53 | 0.57 | 0.43 | 0.43 | 0.44 | 0.45 | 0.43 | 0.44 | 0.43 | 0.43 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,856,360K ÷ $5,358,840K
= 0.53
Acadia Healthcare Company Inc's total asset turnover has exhibited a general increase over the past eight quarters, indicating an improvement in the company's efficiency in generating revenues relative to its total assets. The total asset turnover ratio has steadily increased from 0.49 in Q1 2022 to 0.55 in Q4 2023. This upward trend suggests that the company is utilizing its assets more effectively to generate sales. A higher total asset turnover ratio is generally seen as favorable as it indicates that the company is generating more revenue per dollar of assets. Overall, Acadia Healthcare Company Inc's increasing total asset turnover ratio reflects a positive trend in its operational efficiency and effectiveness in utilizing its assets.