HCA Holdings Inc (HCA)
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 | 64,968,000 | 63,162,000 | 61,920,000 | 60,879,000 | 60,233,000 | 59,800,000 | 60,105,000 | 59,720,000 | 58,752,000 | 59,483,000 | 57,147,000 | 53,365,000 | 51,533,000 | 50,841,000 | 49,934,000 | 51,424,000 | 51,334,000 | 48,505,000 | 47,478,000 | 46,437,000 |
| Total assets | US$ in thousands | 56,211,000 | 54,589,000 | 53,594,000 | 52,711,000 | 52,438,000 | 51,484,000 | 51,584,000 | 52,208,000 | 50,742,000 | 49,562,000 | 48,164,000 | 47,277,000 | 47,490,000 | 51,016,000 | 48,709,000 | 45,421,000 | 45,058,000 | 43,912,000 | 45,449,000 | 43,379,000 |
| Total asset turnover | 1.16 | 1.16 | 1.16 | 1.15 | 1.15 | 1.16 | 1.17 | 1.14 | 1.16 | 1.20 | 1.19 | 1.13 | 1.09 | 1.00 | 1.03 | 1.13 | 1.14 | 1.10 | 1.04 | 1.07 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $64,968,000K ÷ $56,211,000K
= 1.16
HCA Healthcare Inc's total asset turnover has been relatively stable in recent quarters, ranging from 1.14 to 1.17. This indicates that the company generated approximately $1.14 to $1.17 in revenue for every dollar of assets it holds. A consistent total asset turnover suggests that HCA Healthcare is efficiently utilizing its assets to generate revenue. However, an increasing trend in this ratio over time would reflect improved asset management efficiency, while a decreasing trend may raise concerns about declining asset productivity. Overall, HCA Healthcare's total asset turnover suggests that the company is effectively leveraging its assets to generate revenue.
Peer comparison
Dec 31, 2023