Enhabit Inc. (EHAB)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,003,100 | 1,009,200 | 1,021,300 | 1,037,200 | |||
| Total assets | US$ in thousands | 1,433,600 | 1,450,900 | 1,426,200 | 1,527,000 | 1,526,800 | 1,622,900 | 1,621,400 |
| Total asset turnover | 0.70 | 0.70 | 0.72 | 0.68 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,003,100K ÷ $1,433,600K
= 0.70
The total asset turnover ratio for Enhabit Inc. has been relatively consistent over the past four quarters, ranging from 0.68 to 0.72. This indicates that the company is generating approximately 0.70 units of revenue for every unit of assets it holds.
A total asset turnover ratio of less than 1 suggests that Enhabit Inc. may not be efficiently utilizing its assets to generate revenue. While the stability of the ratio indicates consistent performance in asset management, there may still be room for improvement in maximizing the productivity of the company's assets. Further analysis of the company's operational efficiency and strategic asset allocation could provide insights into enhancing its overall financial performance.
Peer comparison
Dec 31, 2023