Adapthealth Corp (AHCO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,259,430 | 3,071,300 | 2,862,560 | 2,350,980 | 1,023,920 |
| Property, plant and equipment | US$ in thousands | 474,556 | 495,101 | 487,079 | 398,577 | 110,468 |
| Fixed asset turnover | 6.87 | 6.20 | 5.88 | 5.90 | 9.27 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,259,430K ÷ $474,556K
= 6.87
Adapthealth Corp's fixed asset turnover ratio has experienced a gradual decline over the years from 9.27 in December 31, 2020, to 5.90 in December 31, 2021, and further to 5.88 in December 31, 2022. However, there was a slight improvement noted in December 31, 2023, where the ratio increased to 6.20, indicating better utilization of fixed assets. This trend continued in December 31, 2024, with a further increase to 6.87, suggesting that the company is generating more revenue relative to its investment in fixed assets. It is essential for Adapthealth Corp to monitor and manage its fixed asset turnover ratio effectively to ensure optimal efficiency in utilizing its fixed assets for revenue generation.
Peer comparison
Dec 31, 2024