Chemed Corp (CHE)
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 | 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 |
| Total assets | US$ in thousands | 1,668,100 | 1,562,080 | 1,505,180 | 1,431,180 | 1,442,010 | 1,356,200 | 1,312,960 | 1,305,760 | 1,342,720 | 1,318,130 | 1,383,800 | 1,458,130 | 1,434,910 | 1,366,950 | 1,291,190 | 1,277,560 | 1,268,320 | 1,232,580 | 1,094,070 | 1,069,830 |
| Total asset turnover | 1.36 | 1.42 | 1.45 | 1.51 | 1.48 | 1.57 | 1.63 | 1.64 | 1.59 | 1.62 | 1.53 | 1.43 | 1.45 | 1.51 | 1.57 | 1.56 | 1.53 | 1.52 | 1.68 | 1.69 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,264,417K ÷ $1,668,100K
= 1.36
Chemed Corp.'s total asset turnover has been declining gradually over the past eight quarters, from a high of 1.64 in Q1 2022 to 1.36 in Q4 2023. This ratio indicates that the company generated $1.36 in revenue for every dollar of total assets in Q4 2023. While the decrease in total asset turnover may suggest reduced efficiency in asset utilization or declining sales relative to the size of the asset base, it is important to consider other factors such as changes in sales volume, asset base composition, or industry dynamics that may be influencing this trend. Further analysis and comparison with industry benchmarks are needed to fully assess the implications of Chemed Corp.'s total asset turnover performance.
Peer comparison
Dec 31, 2023