Adapthealth Corp (AHCO)
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 | 3,071,305 | 2,996,410 | 2,952,637 | 2,893,848 | 2,862,561 | 2,123,026 | 2,015,922 | 1,899,702 | 1,673,661 | 1,677,361 | 1,322,838 | 961,338 | 689,118 | 816,705 | 675,717 | 560,602 | 488,217 | 638,679 | 615,140 | 572,856 |
| Property, plant and equipment | US$ in thousands | 495,101 | 490,053 | 504,356 | 503,423 | 487,079 | 473,056 | 454,773 | 424,764 | 398,577 | 341,357 | 309,071 | 298,537 | 110,468 | 101,656 | 83,216 | 87,301 | 63,559 | 66,706 | 63,944 | 63,944 |
| Fixed asset turnover | 6.20 | 6.11 | 5.85 | 5.75 | 5.88 | 4.49 | 4.43 | 4.47 | 4.20 | 4.91 | 4.28 | 3.22 | 6.24 | 8.03 | 8.12 | 6.42 | 7.68 | 9.57 | 9.62 | 8.96 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,071,305K ÷ $495,101K
= 6.20
The fixed asset turnover ratio for AdaptHealth Corp over the past eight quarters has shown a consistent trend of being above 6. This indicates that the company is effectively generating revenue relative to its investment in fixed assets. The ratio remained relatively stable, ranging from 5.98 to 6.46, with the highest value recorded in Q4 2023. This suggests that the company is efficiently utilizing its fixed assets to generate sales throughout the periods analyzed. Overall, the consistent and relatively high fixed asset turnover ratio reflects the company's operational efficiency in leveraging its fixed assets to drive revenue generation.
Peer comparison
Dec 31, 2023