DaVita HealthCare Partners Inc (DVA)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,140,100 | 11,609,900 | 11,618,800 | 11,550,600 | 11,388,500 |
| Property, plant and equipment | US$ in thousands | 3,073,530 | 3,256,400 | 3,479,970 | 3,521,820 | 3,473,380 |
| Fixed asset turnover | 3.95 | 3.57 | 3.34 | 3.28 | 3.28 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $12,140,100K ÷ $3,073,530K
= 3.95
The fixed asset turnover ratio for DaVita Inc has shown a consistent trend of improvement over the past five years. The ratio has increased from 3.28 in both 2019 and 2020 to 3.95 in 2023. This indicates that DaVita Inc is generating more revenue relative to its investment in fixed assets, which reflects efficient asset utilization.
The rising trend in fixed asset turnover suggests that DaVita Inc has been able to effectively leverage its fixed assets to generate sales and revenue. This can be a positive sign of operational efficiency and effective management of the company's asset base.
Overall, the improvement in fixed asset turnover for DaVita Inc indicates that the company is making better use of its fixed assets to generate revenue, which is a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2023