DaVita HealthCare Partners Inc (DVA)

Total 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
Total assets	US$ in thousands	16,893,600	16,928,300	17,121,500	16,988,500	17,311,400
Total asset turnover		0.72	0.69	0.68	0.68	0.66

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $12,140,100K ÷ $16,893,600K
= 0.72

DaVita Inc's total asset turnover has shown a positive trend over the past five years, increasing from 0.66 in 2019 to 0.72 in 2023. This indicates that DaVita has been more efficient in generating sales revenue relative to its total assets. A higher total asset turnover ratio suggests that the company is utilizing its assets more effectively to generate revenue. It is important to continue monitoring this ratio to ensure sustained efficiency in asset utilization and revenue generation.

Peer comparison

Dec 31, 2023

Company name

Symbol

Total asset turnover

DaVita HealthCare Partners Inc

DVA

0.72