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.