AMN Healthcare Services Inc (AMN)

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	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
Total assets	US$ in thousands	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	2,364,820	2,460,130	1,931,650	1,861,070	1,856,090	1,637,820
Total asset turnover		1.28	1.53	1.64	1.66	1.80	1.80	1.72	1.42	1.26	1.19	1.10	1.00	1.00	0.99	0.99	0.92	1.14	1.15	1.14	1.30

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,735,110K ÷ $2,924,390K
= 1.28

AMN Healthcare Services Inc.'s total asset turnover has been fluctuating over the past eight quarters. The company's total asset turnover ratio was highest in Q2 2023 at 1.66 and has shown a general declining trend since then. This indicates that the company generated $1.66 in revenue for every dollar of assets in Q2 2023.

The gradual decrease in total asset turnover since Q2 2023 suggests a potential decline in the efficiency of the company in generating revenue from its assets. It is essential for the company to monitor and potentially improve this metric to ensure optimal utilization of its assets to generate revenue effectively. Additionally, a comparison of AMN Healthcare Services Inc.'s total asset turnover with industry benchmarks or historical data can provide further insights into its efficiency in asset utilization.