Adapthealth Corp (AHCO)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,226,960 | 3,195,253 | 3,163,650 | 3,118,561 | 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 |
| Total assets | US$ in thousands | 4,486,950 | 4,469,940 | 4,510,910 | 4,503,690 | 4,508,650 | 4,725,250 | 5,203,010 | 5,283,440 | 5,219,590 | 5,237,980 | 5,202,010 | 5,204,340 | 5,250,480 | 5,191,720 | 4,687,660 | 4,520,070 | 1,813,470 | 1,556,270 | 742,467 | 665,004 |
| Total asset turnover | 0.72 | 0.71 | 0.70 | 0.69 | 0.68 | 0.63 | 0.57 | 0.55 | 0.55 | 0.41 | 0.39 | 0.37 | 0.32 | 0.32 | 0.28 | 0.21 | 0.38 | 0.52 | 0.91 | 0.84 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,226,960K ÷ $4,486,950K
= 0.72
Adapthealth Corp's total asset turnover ratio has shown fluctuations over the periods analyzed. The ratio started at 0.84 as of March 31, 2020, and experienced a slight increase to 0.91 by June 30, 2020. However, there was a notable decline in the ratio to 0.52 by September 30, 2020, indicating a decrease in the efficiency of generating sales from total assets.
The downward trend continued as the total asset turnover ratio dropped to 0.38 by December 31, 2020, and further decreased to 0.21 by March 31, 2021, suggesting potential difficulties in utilizing assets to generate revenue efficiently. Subsequently, there was a gradual improvement in the ratio, reaching 0.72 by December 31, 2024.
Overall, the total asset turnover ratio has displayed volatility but has shown a general increasing trend from the low point in early 2021. This indicates that the company may be improving its efficiency in generating revenue from its total assets over the analyzed period. However, further analysis and comparison with industry benchmarks would be beneficial to gain deeper insights into Adapthealth Corp's asset utilization efficiency.
Peer comparison
Dec 31, 2024