Healthcare Services Group Inc (HCSG)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,664,880 | 1,690,840 | 1,641,960 | 1,760,300 | 1,837,420 |
| Property, plant and equipment | US$ in thousands | — | 22,975 | 28,102 | 26,561 | 28,820 |
| Fixed asset turnover | — | 73.59 | 58.43 | 66.27 | 63.76 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,664,880K ÷ $—K
= —
The fixed asset turnover ratio for Healthcare Services Group, Inc. has shown significant fluctuations over the years, ranging from 240.81 in 2019 to 997.84 in 2023. The ratio measures how efficiently the company is generating revenue from its fixed assets. The substantial increase in 2023 compared to the previous years indicates a notable improvement in the company's ability to utilize its fixed assets to generate sales. However, the absence of data for 2022 makes it difficult to assess the trend accurately. It would be important to further investigate the factors contributing to such drastic changes in the fixed asset turnover ratio to gain a deeper understanding of the company's operational efficiency.