Healthcare Services Group Inc (HCSG)
Total 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 |
| Total assets | US$ in thousands | 802,772 | 805,841 | 799,702 | 803,880 | 803,182 | 750,716 | 761,758 | 719,133 | 718,334 | 722,164 | 740,058 | 746,516 | 777,529 | 793,605 | 817,994 | 782,809 | 785,031 | 754,331 | 736,688 | 732,077 |
| Total asset turnover | 2.14 | 2.11 | 2.11 | 2.09 | 2.08 | 2.23 | 2.20 | 2.34 | 2.35 | 2.34 | 2.28 | 2.23 | 2.11 | 2.07 | 2.04 | 2.20 | 2.24 | 2.37 | 2.45 | 2.48 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,715,682K ÷ $802,772K
= 2.14
Healthcare Services Group Inc's total asset turnover has shown a relatively stable trend over the past few years, ranging from 2.04 to 2.48. This ratio measures the efficiency of the company in generating revenues relative to its total assets. The higher the total asset turnover, the better the company is at utilizing its assets to generate sales.
The decreasing trend in total asset turnover from 2.48 in March 2020 to 2.08 in December 2023 indicates a potential decrease in asset efficiency or a slowdown in revenue generation. However, the ratio has shown a slight recovery in recent periods, reaching 2.14 by December 2024.
Overall, Healthcare Services Group Inc's total asset turnover suggests that the company has been effectively managing its assets to generate revenue, with some fluctuations observed over the years. Further analysis and comparison with industry benchmarks may provide additional insights into the company's asset utilization efficiency.