AMN Healthcare Services Inc (AMN)
Total 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 |
| Total assets | US$ in thousands | 2,924,390 | 2,888,350 | 3,131,910 | 2,353,510 | 1,931,650 |
| Total asset turnover | 1.28 | 1.80 | 1.26 | 0.99 | 1.15 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,735,110K ÷ $2,924,390K
= 1.28
The total asset turnover ratio for AMN Healthcare Services Inc. has shown some fluctuations over the past five years. In 2023, the total asset turnover was 1.30, indicating that the company generated $1.30 in sales for every $1 of total assets. This shows a decrease from the previous year's ratio of 1.82, suggesting that the company may have been less efficient in generating revenue from its assets in 2023 compared to 2022.
Comparing the 2023 ratio to the ratios from 2021 to 2019, it appears to be closer to the levels observed in 2021 and 2019, which were 1.27 and 1.15 respectively. This may indicate a return to a more typical level of asset utilization for the company after the peak in 2022.
In 2020, the total asset turnover ratio was 1.02, the lowest among the years presented. This could suggest that the company faced challenges in efficiently utilizing its assets to generate revenue in that particular year.
Overall, while there have been fluctuations in the total asset turnover ratio for AMN Healthcare Services Inc. over the past five years, the company generally demonstrates a reasonable level of efficiency in generating sales relative to its asset base.
Peer comparison
Dec 31, 2023