Encompass Health Corp (EHC)
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 | 4,661,900 | 4,583,100 | 4,463,400 | 4,581,400 | 4,751,100 | 4,656,300 | 4,849,900 | 4,826,000 | 4,719,900 | 4,891,800 | 4,771,800 | 4,555,200 | 4,506,400 | 4,476,400 | 4,473,700 | 4,541,100 | 4,489,100 | 4,400,700 | 4,308,800 | 4,280,800 |
| Property, plant and equipment | US$ in thousands | 3,053,800 | 3,186,300 | 3,062,200 | 2,988,300 | 2,666,300 | 2,807,400 | 2,730,100 | 2,667,100 | 2,281,900 | 2,467,900 | 2,391,200 | 2,280,500 | 1,883,800 | 2,094,900 | 2,041,400 | 2,003,300 | 1,959,300 | 1,874,800 | 1,788,100 | 1,736,200 |
| Fixed asset turnover | 1.53 | 1.44 | 1.46 | 1.53 | 1.78 | 1.66 | 1.78 | 1.81 | 2.07 | 1.98 | 2.00 | 2.00 | 2.39 | 2.14 | 2.19 | 2.27 | 2.29 | 2.35 | 2.41 | 2.47 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,661,900K ÷ $3,053,800K
= 1.53
The fixed asset turnover of Encompass Health Corp has exhibited a declining trend over the past four quarters, with values of 1.45 in Q4 2023, 1.30 in Q3 2023, 1.32 in Q2 2023, and 1.40 in Q1 2023. This indicates that the company generated $1.45 in revenue for every $1 invested in fixed assets in Q4 2023, compared to $1.48 in Q4 2022. The decreasing trend suggests that Encompass Health Corp may be experiencing challenges in efficiently utilizing its fixed assets to generate revenue. Further analysis and comparison with industry benchmarks are recommended to understand the underlying reasons for this trend and to identify potential areas for improvement.
Peer comparison
Dec 31, 2023