Community Healthcare Trust Inc (CHCT)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 112,845 | 97,679 | 90,579 | 75,684 | 60,849 |
| Total assets | US$ in thousands | 945,412 | 876,425 | 754,233 | 668,402 | 562,531 |
| Total asset turnover | 0.12 | 0.11 | 0.12 | 0.11 | 0.11 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $112,845K ÷ $945,412K
= 0.12
Community Healthcare Trust Inc's total asset turnover has been relatively stable over the past five years, ranging between 0.11 and 0.12. This ratio indicates that, on average, the company generates $0.11 to $0.12 in revenue for every dollar of total assets it holds.
A total asset turnover of 0.12 in 2023 suggests that the company's assets are effectively utilized to generate sales revenue. However, it is important to note that this ratio should be analyzed in conjunction with other performance metrics to provide a comprehensive assessment of the company's operational efficiency.
Overall, Community Healthcare Trust Inc's total asset turnover indicates a consistent level of asset utilization over the past few years, which can provide insights into the company's operational efficiency and effectiveness in generating revenue from its asset base.
Peer comparison
Dec 31, 2023