Concentra Group Holdings Parent, Inc. (CON)
Total 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 |
| Total assets | US$ in thousands | 2,521,160 | 2,333,560 | 2,297,240 | — |
| Total asset turnover | 0.75 | 0.79 | 0.75 | — |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,900,150K ÷ $2,521,160K
= 0.75
The total asset turnover ratio for Concentra Group Holdings Parent, Inc. provides insight into how efficiently the company is utilizing its assets to generate revenue. The ratio indicates the amount of sales generated for each dollar of total assets the company holds.
Based on the data provided:
- As of December 31, 2021, the total asset turnover ratio is not available (denoted as "—").
- By December 31, 2022, the total asset turnover ratio was 0.75, indicating that the company generated $0.75 in sales for each dollar of total assets.
- As of December 31, 2023, the total asset turnover ratio improved to 0.79, suggesting a slight increase in efficiency in utilizing assets to generate revenue.
- By December 31, 2024, the total asset turnover ratio remained stable at 0.75.
The trend indicates that Concentra Group Holdings Parent, Inc. has been utilizing its assets efficiently to generate revenue, with a slight improvement seen in 2023. However, maintaining a stable total asset turnover ratio in 2024 suggests the company may need to focus on further enhancing asset utilization to drive revenue growth. Overall, the company's ability to generate sales relative to its asset base is key to long-term sustainable growth and profitability.
Peer comparison
Dec 31, 2024