Concentra Group Holdings Parent, Inc. (CON)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,900,152 | 1,875,891 | 1,853,332 | 1,831,715 |
| Property, plant and equipment | US$ in thousands | 196,200 | 191,099 | 186,879 | — |
| Fixed asset turnover | 9.68 | 9.82 | 9.92 | — |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,900,152K ÷ $196,200K
= 9.68
The fixed asset turnover ratio for Concentra Group Holdings Parent, Inc. has been consistent and relatively high over the four quarters of 2024. During the quarters ending in June, September, and December 2024, the fixed asset turnover was 9.92, 9.82, and 9.68, respectively.
This indicates that the company is efficiently utilizing its fixed assets to generate sales revenue. A high fixed asset turnover ratio generally suggests that the company is effectively managing its investments in property, plant, and equipment to generate sales.
However, it is worth noting that there is missing data for the March 31, 2024 quarter, which could impact the overall trend and analysis.
Overall, the consistent high fixed asset turnover ratio for Concentra Group Holdings Parent, Inc. in 2024 reflects strong operational efficiency and effective utilization of fixed assets to drive revenue generation.
Peer comparison
Dec 31, 2024