Adapthealth Corp (AHCO)
Total 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 |
| Total assets | US$ in thousands | 4,486,950 | 4,508,650 | 5,219,590 | 5,250,480 | 1,813,470 |
| Total asset turnover | 0.73 | 0.68 | 0.55 | 0.45 | 0.56 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,259,430K ÷ $4,486,950K
= 0.73
Adapthealth Corp's total asset turnover has fluctuated over the past five years. It was 0.56 in December 31, 2020, decreased to 0.45 by December 31, 2021, then increased to 0.55 by December 31, 2022. Over the next two years, the total asset turnover showed a positive trend, reaching 0.68 by December 31, 2023, and further increasing to 0.73 by December 31, 2024. This indicates that the company has been effectively utilizing its assets to generate sales revenue. The increasing trend in total asset turnover in the latter years suggests that Adapthealth Corp has been improving its asset management efficiency, which is a positive sign for the company's operational performance.
Peer comparison
Dec 31, 2024