Amedisys Inc (AMED)
Total 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 |
| Total assets | US$ in thousands | 2,060,170 | 1,976,240 | 1,856,970 | 1,567,200 | 1,262,740 |
| Total asset turnover | 1.09 | 1.12 | 0.00 | 0.01 | 1.55 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,236,380K ÷ $2,060,170K
= 1.09
The total asset turnover of Amedisys Inc. has been declining over the past five years, indicating a decreasing efficiency in generating sales revenue relative to its total assets. The ratio decreased from 1.55 in 2019 to 1.09 in 2023. This trend suggests that the company may be experiencing challenges in effectively utilizing its assets to generate sales or may be carrying excess assets relative to its level of sales. A lower total asset turnover could indicate inefficiencies in inventory management, inefficient use of fixed assets, or declining sales volume. It is important for Amedisys Inc. to assess and address the factors contributing to the decline in total asset turnover to improve operational efficiency and financial performance in the future.
Peer comparison
Dec 31, 2023