The Ensign Group Inc (ENSG)
Total 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 |
| Total assets | US$ in thousands | 4,669,360 | 4,177,540 | 3,452,020 | 2,850,620 | 2,545,580 |
| Total asset turnover | 0.91 | 0.89 | 0.88 | 0.92 | 0.94 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,260,280K ÷ $4,669,360K
= 0.91
The total asset turnover of The Ensign Group Inc has shown a slight decline over the five-year period from 2020 to 2024. Starting at 0.94 in 2020, it decreased to 0.92 in 2021, 0.88 in 2022, before slightly recovering to 0.89 in 2023, and further improving to 0.91 in 2024. This indicates that the company is generating less revenue relative to its total assets, reflecting possibly lower efficiency in asset utilization. It may be essential for the company to focus on improving operational efficiency and optimizing its asset management strategies to enhance the utilization of its total assets for revenue generation in the future.
Peer comparison
Dec 31, 2024