Amedisys Inc (AMED)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,236,380 | 2,223,200 | 3,899 | 23,392 | 1,955,630 |
| Property, plant and equipment | US$ in thousands | 41,845 | 16,026 | 18,400 | 23,719 | 28,113 |
| Fixed asset turnover | 53.44 | 138.72 | 0.21 | 0.99 | 69.56 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,236,380K ÷ $41,845K
= 53.44
The fixed asset turnover ratio for Amedisys Inc. has shown variability over the past five years. In 2023, the company achieved a fixed asset turnover of 53.44, indicating that for each dollar invested in fixed assets, the company generated $53.44 in revenue. This represents a decrease compared to the previous two years, where the ratios were substantially higher at 138.72 in 2022 and 120.10 in 2021.
Despite the decrease, the company's performance in 2023 still outperformed the ratios from 2020 and 2019, which stood at 87.34 and 69.56, respectively. The significant fluctuations in the fixed asset turnover ratio suggest that Amedisys Inc. may have made changes in its fixed asset utilization or revenue generation strategies over the years.
It is important for stakeholders to further investigate the reasons behind the fluctuations in the fixed asset turnover ratio to assess the company's efficiency in utilizing its fixed assets to generate revenue effectively. Additional analysis of operational efficiency and asset management practices could provide valuable insights into the company's performance and potential areas for improvement.
Peer comparison
Dec 31, 2023