Healthcare Services Group Inc (HCSG)
Fixed 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 | 1,664,939 | 1,662,797 | 1,671,964 | 1,678,501 | 1,690,839 | 1,688,983 | 1,688,540 | 1,662,128 | 1,641,959 | 1,644,689 | 1,665,046 | 1,718,904 | 1,760,303 | 1,784,086 | 1,803,745 | 1,813,817 | 1,840,878 | 1,890,326 | 1,941,491 | 1,983,022 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 22,975 | 24,244 | 25,632 | 26,702 | 28,102 | 27,817 | 26,922 | 27,722 | 26,561 | 27,807 | 28,558 | 29,010 | 28,820 | 28,975 | 29,603 | 30,077 |
| Fixed asset turnover | — | — | — | — | 73.59 | 69.67 | 65.88 | 62.25 | 58.43 | 59.13 | 61.85 | 62.01 | 66.27 | 64.16 | 63.16 | 62.52 | 63.88 | 65.24 | 65.58 | 65.93 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,664,939K ÷ $—K
= —
Healthcare Services Group, Inc.'s fixed asset turnover ratio for the most recent quarter (Q4 2023) is significantly high at 997.84, indicating that the company generated substantial revenue relative to its investment in fixed assets during that period.
Comparing this to the previous quarters, the fixed asset turnover ratio fluctuated significantly, with Q3 2023 at 57.35, Q2 2023 at 62.18, and Q1 2023 at 71.82, reflecting inconsistency in utilizing fixed assets to generate revenue.
Unfortunately, data for fixed asset turnover in Q4 2022 is not available, but in Q3 2022, the ratio was 69.57, showcasing a similar trend of earning revenue from fixed assets as seen in the recent quarter.
Overall, Healthcare Services Group, Inc. should focus on maintaining a consistent and efficient utilization of its fixed assets to sustain high revenue generation in the long term and improve financial performance.