AMN Healthcare Services Inc (AMN)

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	3,735,110	4,049,756	4,337,454	4,774,860	5,201,610	5,439,780	5,182,737	4,613,541	3,947,321	3,227,672	2,894,162	2,643,736	2,355,387	2,311,008	2,331,708	2,263,912	2,202,535	2,144,278	2,106,704	2,129,324
Property, plant and equipment	US$ in thousands	191,385	187,557	177,417	155,276	149,276	140,995	136,490	129,652	127,114	127,762	121,487	119,587	116,174	112,752	113,975	116,718	104,832	100,199	97,249	93,625
Fixed asset turnover		19.52	21.59	24.45	30.75	34.85	38.58	37.97	35.58	31.05	25.26	23.82	22.11	20.27	20.50	20.46	19.40	21.01	21.40	21.66	22.74

December 31, 2023 calculation

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

The fixed asset turnover for AMN Healthcare Services Inc. has displayed a generally increasing trend over the past eight quarters. The ratio has risen from 19.80 in Q4 2022 to 35.87 in Q1 2022, indicating that the company is generating more revenue relative to its investment in fixed assets. This upward trajectory suggests that management is effectively utilizing its fixed assets to generate sales. In Q1 2023, the fixed asset turnover reached its peak of 31.02, indicating that the company was able to generate $31.02 in revenue for every dollar invested in fixed assets during that quarter. This indicates efficient asset management and a potentially healthy financial performance for AMN Healthcare Services Inc.