AMN Healthcare Services Inc (AMN)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,983,781 | 3,067,341 | 3,233,295 | 3,483,909 | 3,789,251 | 4,096,492 | 4,381,619 | 4,816,930 | 5,243,250 | 5,480,780 | 5,219,990 | 4,650,825 | 3,984,230 | 3,252,461 | 2,926,292 | 2,677,198 | 2,393,714 | 2,349,335 | 2,365,301 | 2,292,127 |
| Total assets | US$ in thousands | 2,415,730 | 2,667,820 | 2,771,330 | 2,873,600 | 2,924,390 | 2,654,770 | 2,644,140 | 2,881,060 | 2,888,350 | 3,018,260 | 3,008,780 | 3,248,670 | 3,131,910 | 2,709,000 | 2,632,440 | 2,643,120 | 2,353,510 | 2,344,860 | 2,371,060 | 2,460,130 |
| Total asset turnover | 1.24 | 1.15 | 1.17 | 1.21 | 1.30 | 1.54 | 1.66 | 1.67 | 1.82 | 1.82 | 1.73 | 1.43 | 1.27 | 1.20 | 1.11 | 1.01 | 1.02 | 1.00 | 1.00 | 0.93 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,983,781K ÷ $2,415,730K
= 1.24
Total asset turnover measures the efficiency with which a company generates revenue relative to its total assets. In the case of AMN Healthcare Services Inc, the total asset turnover ratio has shown a generally increasing trend over the past few years, starting at 0.93 in March 2020 and reaching 1.24 by December 2024.
The ratio increased steadily from 2020 to 2022, with significant jumps observed in the later half of 2022. However, from March 2023 to March 2024, there was a slight decline in the total asset turnover ratio from 1.67 to 1.21, followed by a gradual decrease.
This increasing trend, especially in the mid to later years, indicates that AMN Healthcare Services Inc has been utilizing its assets more efficiently to generate revenue. A higher total asset turnover ratio suggests that the company is efficiently utilizing its assets to generate sales, which is generally considered positive as it signifies improved operational performance and potentially better profitability.
Peer comparison
Dec 31, 2024