DaVita HealthCare Partners Inc (DVA)

Fixed asset turnover

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Revenue (ttm) US$ in thousands 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 11,388,470 11,311,010 11,254,260 11,298,510
Property, plant and equipment US$ in thousands 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 3,473,380 3,419,240 3,405,320 3,392,270
Fixed asset turnover 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 3.28 3.31 3.30 3.33

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,140,150K ÷ $3,073,530K
= 3.95

DaVita Inc's fixed asset turnover has been relatively stable over the past eight quarters, ranging from 3.38 to 3.95. This ratio measures the company's ability to generate revenue from its investment in fixed assets, indicating how efficiently DaVita is utilizing its fixed assets to generate sales.

The company's fixed asset turnover ratio consistently exceeds 3, suggesting that DaVita is effectively using its fixed assets to generate sales revenue. A higher fixed asset turnover ratio generally indicates better operational efficiency and asset utilization.

Although there has been some fluctuation in the ratio over the quarters, the overall trend indicates that DaVita Inc has maintained a strong level of efficiency in generating revenue from its fixed assets. Investors and analysts may view this positively as it demonstrates the company's ability to manage its assets effectively and optimize its operations.


Peer comparison

Dec 31, 2023

Company name
Symbol
Fixed asset turnover
DaVita HealthCare Partners Inc
DVA
3.95
Progyny Inc
PGNY
106.91
Sotera Health Co
SHC
1.11