Concentra Group Holdings Parent, Inc. (CON)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,900,150 | 1,838,080 | 1,724,360 | 1,732,040 |
| Property, plant and equipment | US$ in thousands | 196,200 | — | — | — |
| Fixed asset turnover | 9.68 | — | — | — |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,900,150K ÷ $196,200K
= 9.68
The fixed asset turnover ratio for Concentra Group Holdings Parent, Inc. shows a significant improvement from \u2014 in the previous years to 9.68 as of December 31, 2024. This indicates that the company generated $9.68 in revenue for every dollar invested in fixed assets during the most recent period. A higher fixed asset turnover ratio suggests that the company is utilizing its fixed assets more efficiently to generate sales, reflecting potentially improved operational performance and asset utilization. It would be beneficial for stakeholders to continue monitoring this ratio over time to assess the company's ability to generate revenue from its investment in fixed assets.
Peer comparison
Dec 31, 2024