Community Healthcare Trust Inc (CHCT)
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 | 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 |
| Total assets | US$ in thousands | 945,412 | 955,126 | 900,466 | 886,294 | 876,425 | 811,929 | 786,034 | 761,230 | 754,233 | 747,592 | 745,467 | 735,311 | 668,402 | 615,672 | 612,304 | 596,754 | 562,531 | 533,072 | 490,500 | 456,730 |
| Total asset turnover | 0.12 | 0.11 | 0.12 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.11 | 0.11 | 0.11 | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $112,845K ÷ $945,412K
= 0.12
Community Healthcare Trust Inc's total asset turnover ratio has been relatively stable over the past eight quarters, ranging between 0.11 and 0.12. This ratio indicates that the company generates approximately $0.11 to $0.12 in revenue for every dollar of total assets it owns.
A total asset turnover ratio of 0.12 suggests that the company is effectively utilizing its assets to generate revenue. A higher ratio would indicate a more efficient use of assets in generating sales. However, it's important to note that this ratio should be analyzed in conjunction with other financial metrics to get a comprehensive understanding of the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023