HealthStream Inc (HSTM)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	279,063	266,851	256,691	244,826	254,112
Property, plant and equipment	US$ in thousands	13,005	15,483	17,950	22,218	26,065
Fixed asset turnover		21.46	17.24	14.30	11.02	9.75

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $279,063K ÷ $13,005K
= 21.46

Fixed asset turnover for Healthstream Inc has been steadily increasing over the past five years, indicating improved efficiency in generating sales revenue from its fixed assets. The company achieved a fixed asset turnover ratio of 21.46 in 2023, up from 17.23 in 2022, 14.30 in 2021, 11.02 in 2020, and 9.75 in 2019. This trend suggests that Healthstream has been utilizing its fixed assets more effectively to generate revenue, potentially through increased sales or improved asset utilization. The significant increase in fixed asset turnover reflects positively on the company's operational efficiency and asset management strategies.