The Ensign Group Inc (ENSG)
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 | 3,731,458 | 3,554,106 | 3,388,158 | 3,200,096 | 3,026,034 | 2,910,738 | 2,808,673 | 2,713,098 | 2,627,461 | 2,566,044 | 2,496,870 | 2,442,374 | 2,402,596 | 2,093,511 | 2,091,399 | 2,076,776 | 2,032,067 | 2,250,949 | 2,161,856 | 3,084,516 |
| Property, plant and equipment | US$ in thousands | 1,090,770 | 1,067,900 | 1,008,740 | 1,002,050 | 992,010 | 963,465 | 908,228 | 906,777 | 888,434 | 791,247 | 788,601 | 779,269 | 778,244 | 783,187 | 780,439 | 783,291 | 767,565 | 708,224 | 674,892 | 627,400 |
| Fixed asset turnover | 3.42 | 3.33 | 3.36 | 3.19 | 3.05 | 3.02 | 3.09 | 2.99 | 2.96 | 3.24 | 3.17 | 3.13 | 3.09 | 2.67 | 2.68 | 2.65 | 2.65 | 3.18 | 3.20 | 4.92 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,731,458K ÷ $1,090,770K
= 3.42
Ensign Group Inc's fixed asset turnover ratio has exhibited a generally increasing trend over the past eight quarters, indicating an improvement in efficiency in generating revenue from its fixed assets. In Q4 2023, the fixed asset turnover ratio reached 3.42, the highest level in the provided data set. This suggests that for every dollar invested in fixed assets, the company generated $3.42 in revenue during the quarter.
The consistency and upward progression in the fixed asset turnover ratio indicate that Ensign Group Inc has been effectively utilizing its fixed assets to drive revenue growth. This could be attributed to factors such as improved asset management practices, operational efficiency, and effective utilization of resources.
Overall, the increasing trend in the fixed asset turnover ratio reflects positively on Ensign Group Inc's operational efficiency and suggests that the company is effectively leveraging its fixed assets to generate revenue. It indicates that the company is efficiently using its fixed assets to support its revenue generation capabilities throughout the specified quarters.
Peer comparison
Dec 31, 2023