The Ensign Group Inc (ENSG)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,721,290 | 3,025,470 | 2,627,460 | 2,402,600 | 2,029,210 |
| Total assets | US$ in thousands | 4,177,540 | 3,452,020 | 2,850,620 | 2,545,580 | 2,361,910 |
| Total asset turnover | 0.89 | 0.88 | 0.92 | 0.94 | 0.86 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,721,290K ÷ $4,177,540K
= 0.89
The total asset turnover ratio for Ensign Group Inc has shown some fluctuations over the past five years. The ratio measures the efficiency of the company in generating revenue relative to its total assets.
In 2023, the total asset turnover ratio was 0.89, indicating that for every dollar of total assets, the company generated $0.89 in revenue. This was slightly higher compared to 2022 when the ratio was 0.88.
Looking back at 2021, the company exhibited a total asset turnover ratio of 0.92, which was higher than the most recent year but lower than the ratio in 2020, which stood at 0.94.
In 2019, the total asset turnover ratio was 0.86, which was the lowest among the five years analyzed.
Overall, the total asset turnover ratio of Ensign Group Inc has shown some variability, with fluctuations indicating changes in the company's efficiency in utilizing its total assets to generate revenue over the years.
Peer comparison
Dec 31, 2023