Mednax Inc (MD)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,952,560 | 1,875,310 | 1,820,660 | 1,623,470 | 3,394,160 |
| Property, plant and equipment | US$ in thousands | 75,639 | 73,290 | 70,154 | 76,191 | 72,677 |
| Fixed asset turnover | 25.81 | 25.59 | 25.95 | 21.31 | 46.70 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,952,560K ÷ $75,639K
= 25.81
The fixed asset turnover ratio for Pediatrix Medical Group Inc has been consistently high over the past five years, ranging from 22.76 to 37.18. This indicates that the company is generating substantial revenue relative to its investment in fixed assets. A high fixed asset turnover ratio is generally a positive signal, implying efficient utilization of fixed assets to generate sales. It suggests that Pediatrix Medical Group Inc has been successful in maximizing the productivity of its fixed assets to drive revenue generation. However, it would also be beneficial to consider industry benchmarks and trends over time to gain a more comprehensive understanding of the company's performance in this area.
Peer comparison
Dec 31, 2023