Healthcare Services Group Inc (HCSG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,715,680 | 1,671,390 | 1,690,180 | 1,641,960 | 1,760,300 |
| Property, plant and equipment | US$ in thousands | — | — | 22,975 | 28,102 | 26,561 |
| Fixed asset turnover | — | — | 73.57 | 58.43 | 66.27 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,715,680K ÷ $—K
= —
The fixed asset turnover ratio for Healthcare Services Group Inc has shown some fluctuations over the years. In 2020, the ratio stood at 66.27, indicating that the company generated $66.27 in revenue for every dollar invested in fixed assets. By the end of 2021, the ratio decreased to 58.43, suggesting a potential decrease in the efficiency of utilizing fixed assets to generate revenue.
However, there was a notable improvement in 2022, with the ratio increasing to 73.57, reflecting a more efficient utilization of fixed assets to generate revenue. The data for 2023 and 2024 are not available, so it is not possible to assess the trend beyond 2022.
Overall, fluctuations in the fixed asset turnover ratio can indicate changes in operational efficiency and asset utilization within the company. It is essential for Healthcare Services Group Inc to consistently monitor and optimize this ratio to ensure effective management of fixed assets and maximize revenue generation.