Chemed Corp (CHE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,431,290 | 2,264,420 | 2,134,960 | 2,139,260 | 2,079,580 |
| Property, plant and equipment | US$ in thousands | — | — | 335,376 | 318,728 | 187,820 |
| Fixed asset turnover | — | — | 6.37 | 6.71 | 11.07 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,431,290K ÷ $—K
= —
Chemed Corp's fixed asset turnover has exhibited some fluctuations over the past few years. In 2020, the fixed asset turnover was 11.07, indicating that Chemed Corp generated $11.07 in sales for every dollar invested in fixed assets. However, this ratio decreased to 6.71 in 2021 and further to 6.37 in 2022, which suggests a decline in efficiency in utilizing its fixed assets to generate sales. The absence of data for 2023 and 2024 makes it challenging to assess any recent trends or developments. Overall, a decreasing fixed asset turnover ratio may indicate inefficiencies in asset management or a decline in sales relative to the investment in fixed assets.
Peer comparison
Dec 31, 2024