The Ensign Group Inc (ENSG)
Total 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 |
| Total assets | US$ in thousands | 4,177,540 | 4,081,980 | 3,952,360 | 3,862,240 | 3,452,020 | 3,265,270 | 3,124,670 | 3,044,560 | 2,850,620 | 2,813,380 | 2,648,550 | 2,512,500 | 2,545,580 | 2,464,990 | 2,488,160 | 2,388,010 | 2,361,910 | 2,359,550 | 2,321,520 | 2,218,360 |
| Total asset turnover | 0.89 | 0.87 | 0.86 | 0.83 | 0.88 | 0.89 | 0.90 | 0.89 | 0.92 | 0.91 | 0.94 | 0.97 | 0.94 | 0.85 | 0.84 | 0.87 | 0.86 | 0.95 | 0.93 | 1.39 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,731,458K ÷ $4,177,540K
= 0.89
The total asset turnover ratio for Ensign Group Inc has been relatively stable over the past eight quarters, ranging between 0.83 and 0.90. This ratio measures the efficiency of the company in generating revenue from its total assets.
Ensign Group Inc's total asset turnover indicates that, on average, the company generates approximately $0.89 in revenue for every dollar of assets it holds. This suggests that the company is effectively utilizing its assets to generate sales. A higher ratio would indicate more efficient asset utilization, while a lower ratio may suggest underutilization or inefficiency in asset management.
The consistency of the total asset turnover ratio within a narrow range over the quarters implies that Ensign Group Inc has maintained a relatively stable level of asset utilization efficiency during the period analyzed. This stability can be indicative of sound operational management and effective use of assets to drive revenue generation.
Overall, the trend in Ensign Group Inc's total asset turnover suggests that the company has been maintaining a consistent level of efficiency in generating revenue from its assets, which is a positive indicator for potential investors and stakeholders.
Peer comparison
Dec 31, 2023