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