Mednax Inc (MD)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,012,920 | 1,994,640 | 1,972,020 | 1,911,190 | 1,733,950 |
| Property, plant and equipment | US$ in thousands | — | — | 73,290 | 70,154 | 76,191 |
| Fixed asset turnover | — | — | 26.91 | 27.24 | 22.76 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,012,920K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate revenue. In the case of Mednax Inc, the trend in fixed asset turnover over the years shows a generally increasing efficiency in utilizing its fixed assets.
As of December 31, 2020, Mednax Inc had a fixed asset turnover of 22.76, indicating that the company generated $22.76 in revenue for every dollar invested in fixed assets. This ratio improved to 27.24 by December 31, 2021, suggesting a better utilization of fixed assets to generate revenue.
By December 31, 2022, the fixed asset turnover ratio slightly decreased to 26.91. While this decrease may signal a slight dip in efficiency, the ratio still reflects a high level of turnover and efficient utilization of fixed assets.
It is important to note that the data for December 31, 2023, and December 31, 2024, is not available (indicated by "—"). Without this information, it is difficult to assess any potential trends or changes in the fixed asset turnover ratio for those years.
Overall, the increasing trend in the fixed asset turnover ratio from 2020 to 2022 demonstrates that Mednax Inc has been effectively using its fixed assets to generate revenue. This efficiency is crucial for maximizing profitability and ensuring optimal resource allocation within the company.
Peer comparison
Dec 31, 2024