Healthcare Services Group Inc (HCSG)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,715,682 | 1,701,710 | 1,684,949 | 1,677,592 | 1,671,389 | 1,671,569 | 1,674,669 | 1,680,595 | 1,690,176 | 1,686,603 | 1,687,705 | 1,661,019 | 1,641,959 | 1,644,689 | 1,665,046 | 1,718,904 | 1,760,303 | 1,784,086 | 1,803,745 | 1,813,817 |
| 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 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | 73.57 | 69.57 | 65.84 | 62.21 | 58.43 | 59.13 | 61.85 | 62.01 | 66.27 | 64.16 | 63.16 | 62.52 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,715,682K ÷ $—K
= —
The fixed asset turnover ratio for Healthcare Services Group Inc has shown a general increasing trend over the analyzed period. This ratio measures how effectively the company is utilizing its fixed assets to generate revenue.
From March 31, 2020, to December 31, 2022, the fixed asset turnover ratio increased steadily from 62.52 to 73.57, indicating an improvement in the efficiency of the company's asset utilization.
However, there was a slight decline in the ratio in the following periods, with the ratio dropping to 58.43 by December 31, 2022. This might suggest a decrease in the company's ability to generate revenue relative to its investment in fixed assets during that period.
It is noteworthy that the data for the subsequent periods from March 31, 2023, to December 31, 2024, is not available (indicated by "—"), making it challenging to assess the current trend in the fixed asset turnover ratio.
Overall, the increasing trend in the fixed asset turnover ratio from 2020 to 2022 indicates an improvement in asset utilization efficiency, although the decline in the ratio in 2023 raises some concerns about the company's ability to generate revenue relative to its fixed asset base.