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

Company name
Symbol
Fixed asset turnover
Mednax Inc
MD
25.81
Encompass Health Corp
EHC
1.53
Select Medical Holdings
SEM
6.31