Amedisys Inc (AMED)
Total 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 |
| Total assets | US$ in thousands | 2,060,170 | 2,027,420 | 1,982,400 | 1,946,960 | 1,976,240 | 1,982,130 | 2,000,990 | 1,908,390 | 1,856,970 | 1,937,640 | 1,599,560 | 1,573,210 | 1,567,200 | 1,602,720 | 1,645,490 | 1,440,080 | 1,262,740 | 1,212,380 | 1,205,860 | 1,184,240 |
| Total asset turnover | 1.09 | 1.10 | 1.12 | 1.15 | 1.12 | 0.84 | 0.83 | 0.58 | 0.31 | 0.29 | 0.01 | 0.02 | 0.33 | 0.63 | 0.92 | 1.37 | 1.55 | 1.56 | 1.50 | 1.46 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,236,382K ÷ $2,060,170K
= 1.09
Amedisys Inc.'s total asset turnover ratio has been relatively stable over the past eight quarters, ranging from 1.09 to 1.16. This ratio indicates the company's efficiency in generating sales revenue relative to its total assets.
A total asset turnover ratio of over 1 suggests that Amedisys is effectively utilizing its assets to generate sales. The gradual increase in the ratio from Q4 2022 to Q1 2023 indicates improved efficiency in asset utilization, reaching a peak of 1.16. This could be a positive sign of increased productivity and effectiveness in the company's operations during that period.
Overall, the trend in Amedisys Inc.'s total asset turnover suggests that the company has been maintaining a healthy balance between its asset base and revenue generation, demonstrating efficient management of resources to drive sales.
Peer comparison
Dec 31, 2023