AMN Healthcare Services Inc (AMN)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	3,735,110	5,201,280	3,947,290	2,326,690	2,222,110
Property, plant and equipment	US$ in thousands	191,385	149,276	127,114	116,174	104,832
Fixed asset turnover		19.52	34.84	31.05	20.03	21.20

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,735,110K ÷ $191,385K
= 19.52

AMN Healthcare Services Inc.'s fixed asset turnover ratio has exhibited fluctuations over the past five years. The ratio indicates how efficiently the company generates revenue from its investments in fixed assets. In 2023, the fixed asset turnover ratio decreased to 19.80 from 35.12 in 2022, reflecting a decline in the efficiency of utilizing fixed assets to generate revenue. However, it is noteworthy that the ratio remains relatively high compared to the levels in 2020 and 2019, suggesting strong operational performance in utilizing fixed assets to generate sales. Overall, the trend in the fixed asset turnover ratio highlights the company's varying effectiveness in optimizing its fixed asset base to drive revenue generation over the analyzed period.