Concentra Group Holdings Parent, Inc. (CON)
Total asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,875,891 | 1,853,332 | 1,831,715 | |||
| Total assets | US$ in thousands | 2,481,040 | 2,363,340 | 2,366,160 | 2,333,560 | — | — |
| Total asset turnover | 0.76 | 0.78 | 0.77 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,875,891K ÷ $2,481,040K
= 0.76
The total asset turnover of Concentra Group Holdings Parent, Inc. has been relatively stable over the periods presented, with values ranging from 0.76 to 0.78. This ratio measures the efficiency of the company in generating sales revenue from its total assets. A total asset turnover ratio of less than 1 indicates that the company is generating less in sales compared to its total assets, which could imply underutilization of assets or inefficiencies in generating revenue.
Although the ratio has been consistent around the 0.77 mark, it is important to consider industry benchmarks and trends over time to assess the company's performance effectively. A stable total asset turnover ratio may indicate consistent operational efficiency. However, it is essential to delve deeper into the company's operations and financial health to gain a more comprehensive understanding of its asset utilization and revenue generation capabilities.
Peer comparison
Sep 30, 2024