DaVita HealthCare Partners Inc (DVA)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,815,550 | 12,666,620 | 12,524,360 | 12,338,010 | 12,140,150 | 11,911,290 | 11,738,650 | 11,665,040 | 11,609,900 | 11,636,980 | 11,626,610 | 11,616,360 | 11,618,800 | 11,580,150 | 11,565,900 | 11,529,370 | 11,550,610 | 11,543,870 | 11,523,880 | 11,486,600 |
| Property, plant and equipment | US$ in thousands | 2,940,920 | 2,939,620 | 2,982,220 | 3,026,170 | 3,073,530 | 3,097,480 | 3,158,450 | 3,216,370 | 3,256,400 | 3,240,310 | 3,304,600 | 3,439,340 | 3,479,970 | 3,463,210 | 3,485,600 | 3,490,440 | 3,521,820 | 3,417,920 | 3,417,920 | 3,445,420 |
| Fixed asset turnover | 4.36 | 4.31 | 4.20 | 4.08 | 3.95 | 3.85 | 3.72 | 3.63 | 3.57 | 3.59 | 3.52 | 3.38 | 3.34 | 3.34 | 3.32 | 3.30 | 3.28 | 3.38 | 3.37 | 3.33 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,815,550K ÷ $2,940,920K
= 4.36
DaVita HealthCare Partners Inc's fixed asset turnover ratio has shown a consistent increasing trend over the years, indicating an improvement in how efficiently the company generates revenue from its fixed assets. The ratio has increased from 3.33 in March 2020 to 4.36 in December 2024.
A fixed asset turnover ratio of over 1 signifies that the company is effectively utilizing its fixed assets to generate revenue. DaVita's ratio consistently above 3 demonstrates that the company is efficient in utilizing its fixed assets to generate sales.
The increasing trend in the fixed asset turnover ratio suggests that DaVita has been able to grow its revenue at a faster pace than its investment in fixed assets. This could be attributed to effective asset management strategies, operational efficiencies, or improvements in the utilization of fixed assets.
Overall, a rising fixed asset turnover ratio is a positive sign for DaVita HealthCare Partners Inc, indicating the company's ability to generate more revenue from its fixed assets and improve operational efficiency over the years.
Peer comparison
Dec 31, 2024