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.

Peer comparison

Dec 31, 2023

Company name

Symbol

Total asset turnover

Acadia Healthcare Company Inc

ACHC

0.53

Concentra Group Holdings Parent, Inc.

CON

0.75