Amedisys Inc (AMED)
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 | 2,236,382 | 2,227,658 | 2,229,409 | 2,234,331 | 2,223,199 | 1,671,704 | 1,667,201 | 1,111,979 | 573,337 | 567,158 | 15,793 | 33,153 | 518,223 | 1,014,511 | 1,507,022 | 1,979,978 | 1,955,633 | 1,889,333 | 1,810,011 | 1,726,487 |
| Property, plant and equipment | US$ in thousands | 41,845 | 39,631 | 36,399 | 33,353 | 16,026 | 17,248 | 17,847 | 17,295 | 18,400 | 20,381 | 20,986 | 21,679 | 23,719 | 24,104 | 25,007 | 26,477 | 28,113 | 29,969 | 29,762 | 29,716 |
| Fixed asset turnover | 53.44 | 56.21 | 61.25 | 66.99 | 138.72 | 96.92 | 93.42 | 64.29 | 31.16 | 27.83 | 0.75 | 1.53 | 21.85 | 42.09 | 60.26 | 74.78 | 69.56 | 63.04 | 60.82 | 58.10 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,236,382K ÷ $41,845K
= 53.44
The fixed asset turnover ratio of Amedisys Inc. has been fluctuating over the past eight quarters, ranging from a low of 53.44 in Q4 2023 to a high of 138.72 in Q4 2022. The ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover indicates that the company is generating more revenue per dollar invested in fixed assets.
The upward trend in fixed asset turnover from Q4 2022 to Q1 2023 suggests that Amedisys Inc. was able to improve its efficiency in utilizing its fixed assets during that period. However, the subsequent fluctuations in Q2-Q4 2023 indicate some variability in the company's asset utilization efficiency.
Overall, Amedisys Inc. has shown strong performance in terms of fixed asset turnover, as indicated by the generally high ratios compared to the industry average. Investors and stakeholders may view this as a positive sign of the company's ability to generate revenue from its fixed assets efficiently.
Peer comparison
Dec 31, 2023