Chemed Corp (CHE)
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 | 2,264,417 | 2,225,159 | 2,187,099 | 2,164,571 | 2,134,963 | 2,129,287 | 2,141,482 | 2,142,450 | 2,139,261 | 2,131,572 | 2,121,202 | 2,091,145 | 2,079,583 | 2,068,618 | 2,020,934 | 1,992,319 | 1,938,555 | 1,873,739 | 1,837,277 | 1,805,506 |
| Property, plant and equipment | US$ in thousands | 203,840 | 205,462 | 208,101 | 204,164 | 199,714 | 193,705 | 192,005 | 192,405 | 193,680 | 190,781 | 192,653 | 190,154 | 187,820 | 181,386 | 183,017 | 183,729 | 175,763 | 172,932 | 149,917 | 164,629 |
| Fixed asset turnover | 11.11 | 10.83 | 10.51 | 10.60 | 10.69 | 10.99 | 11.15 | 11.14 | 11.05 | 11.17 | 11.01 | 11.00 | 11.07 | 11.40 | 11.04 | 10.84 | 11.03 | 10.84 | 12.26 | 10.97 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,264,417K ÷ $203,840K
= 11.11
The fixed asset turnover ratio for Chemed Corp. has shown a consistent range between 10.51 and 11.15 over the past eight quarters. This ratio measures how efficiently the company generates sales revenue from its investment in fixed assets. A higher fixed asset turnover indicates that the company is effectively utilizing its fixed assets to generate sales.
Chemed Corp.'s fixed asset turnover has remained relatively stable, indicating a consistent level of efficiency in utilizing its fixed assets to generate revenue. The company's ability to maintain a fixed asset turnover ratio above 10 suggests strong operational efficiency and effective asset management.
Overall, Chemed Corp.'s fixed asset turnover ratio reflects a healthy and efficient use of its fixed assets to drive sales. This consistency in the ratio over time indicates a strong operational performance and effective utilization of the company's fixed assets.
Peer comparison
Dec 31, 2023