Chemed Corp (CHE)
Total asset turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,482,047 | 2,431,287 | 2,377,206 | 2,335,557 | 2,293,493 | 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 |
| Total assets | US$ in thousands | 1,668,580 | 1,668,580 | 1,769,440 | 1,734,980 | 1,727,630 | 1,760,790 | 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 |
| Total asset turnover | 1.49 | 1.46 | 1.34 | 1.35 | 1.33 | 1.29 | 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 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,482,047K ÷ $1,668,580K
= 1.49
Chemed Corp's total asset turnover has shown some fluctuations over the period from June 30, 2020, to March 31, 2025. The ratio indicates how efficiently the company is utilizing its assets to generate sales.
The total asset turnover ratio started at 1.57 on June 30, 2020, and gradually declined to 1.43 by March 31, 2021. This could suggest a decrease in the company's efficiency in generating sales relative to its total assets during this period.
However, from June 30, 2021, onwards, the total asset turnover ratio started to improve, reaching a peak of 1.64 on March 31, 2022. This uptrend indicates that the company became more efficient in utilizing its assets to generate revenue.
Subsequently, there were slight fluctuations in the total asset turnover ratio, with values hovering around 1.50 before dipping to 1.29 by December 31, 2023. This significant decrease may raise concerns about the company's asset utilization efficiency during that period.
By March 31, 2024, the total asset turnover ratio had slightly recovered to 1.33 and continued to increase gradually, reaching 1.49 by March 31, 2025. Overall, the trend in the total asset turnover ratio for Chemed Corp shows a mix of improvements and declines, indicating varying levels of efficiency in utilizing its assets to generate sales over the analyzed period.
Peer comparison
Mar 31, 2025