The Ensign Group Inc (ENSG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,260,280 | 3,721,290 | 3,025,470 | 2,627,460 | 2,402,600 |
| Property, plant and equipment | US$ in thousands | 1,291,350 | 1,090,770 | 992,010 | 888,434 | 778,244 |
| Fixed asset turnover | 3.30 | 3.41 | 3.05 | 2.96 | 3.09 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,260,280K ÷ $1,291,350K
= 3.30
The fixed asset turnover ratio for The Ensign Group Inc has shown a relatively stable trend over the past five years. The ratio decreased slightly from 3.09 in December 31, 2020, to 2.96 in December 31, 2021, but then gradually increased to 3.41 by December 31, 2023. It slightly declined to 3.30 by December 31, 2024.
This indicates that the company is effectively utilizing its fixed assets to generate revenue. A higher turnover ratio suggests that the company is efficiently using its fixed assets to generate sales. Overall, The Ensign Group Inc appears to be effectively managing and utilizing its fixed assets to generate revenue over the years covered in the data.
Peer comparison
Dec 31, 2024