HCA Holdings Inc (HCA)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 64,968,000 | 60,233,000 | 58,752,000 | 51,533,000 | 51,336,000 |
| Total assets | US$ in thousands | 56,211,000 | 52,438,000 | 50,742,000 | 47,490,000 | 45,058,000 |
| Total asset turnover | 1.16 | 1.15 | 1.16 | 1.09 | 1.14 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $64,968,000K ÷ $56,211,000K
= 1.16
The total asset turnover of HCA Healthcare Inc has shown relatively stable performance over the past five years. The ratio has consistently ranged between 1.09 and 1.16, indicating that the company generates revenues at a rate slightly above its total assets. This suggests that the company efficiently utilizes its assets to generate sales. The stability in the total asset turnover ratio indicates that HCA Healthcare Inc has been maintaining a good balance between asset utilization and revenue generation over the years. However, further analysis of the company's industry and competitors' ratios may provide more insights into HCA Healthcare Inc's performance relative to its peers.
Peer comparison
Dec 31, 2023