Community Healthcare Trust Inc (CHCT)

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	112,845	109,063	105,135	101,374	97,679	95,579	94,026	92,665	90,579	87,461	83,551	79,143	75,684	72,393	69,308	65,344	60,849	56,210	52,556	50,642
Property, plant and equipment	US$ in thousands	136,532	135,809	127,433	122,702	117,657	103,413	101,909	98,561	97,397	95,514	92,934	91,428	83,714	80,123	78,999	74,680	68,129	63,015	57,388	52,520
Fixed asset turnover		0.83	0.80	0.83	0.83	0.83	0.92	0.92	0.94	0.93	0.92	0.90	0.87	0.90	0.90	0.88	0.87	0.89	0.89	0.92	0.96

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $112,845K ÷ $136,532K
= 0.83

Community Healthcare Trust Inc's fixed asset turnover has remained consistent at 0.13 for the past eight quarters. This ratio indicates that for every dollar of fixed assets held by the company, it generates $0.13 in revenue. A fixed asset turnover of 0.13 suggests that the company may not be effectively utilizing its fixed assets to generate revenue efficiently. It is essential for the company to assess its asset utilization strategies and consider ways to improve this ratio to ensure optimal utilization of its fixed assets and increase revenue generation in the long term.

Peer comparison

Dec 31, 2023

Company name

Symbol

Fixed asset turnover

Community Healthcare Trust Inc

CHCT

0.83