Mednax Inc (MD)
Fixed 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 | 2,012,919 | 2,006,998 | 2,002,452 | 1,998,733 | 1,994,640 | 2,012,041 | 1,995,344 | 1,980,800 | 1,972,021 | 1,956,707 | 1,959,741 | 1,946,667 | 1,911,191 | 1,829,291 | 1,796,977 | 1,833,221 | 2,232,386 | 2,721,131 | 3,149,171 | 3,508,277 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 147,589 | 140,422 | 72,928 | 73,290 | 71,656 | 72,150 | 72,458 | 70,154 | 137,697 | 124,989 | 133,439 | 76,191 | 78,570 | 98,469 | 100,227 |
| Fixed asset turnover | — | — | — | — | — | 13.63 | 14.21 | 27.16 | 26.91 | 27.31 | 27.16 | 26.87 | 27.24 | 13.28 | 14.38 | 13.74 | 29.30 | 34.63 | 31.98 | 35.00 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,012,919K ÷ $—K
= —
The fixed asset turnover ratio is a measure of how efficiently a company is utilizing its fixed assets to generate revenue. A higher turnover ratio indicates that the company is effectively using its fixed assets to generate sales.
Analyzing the fixed asset turnover ratio of Mednax Inc over the past several quarters shows some fluctuations. From March 31, 2020 to March 31, 2021, the ratio decreased significantly from 35.00 to 13.74, indicating a decline in the company's efficiency in generating revenue from its fixed assets.
However, from March 31, 2021 to June 30, 2022, the ratio remained relatively stable between 13.74 and 27.16, suggesting some improvement in the utilization of fixed assets during this period.
The ratio dipped again in the following quarters, reaching 13.63 by September 30, 2023. This decline could indicate challenges in effectively leveraging fixed assets to drive revenue growth.
As of December 31, 2023, the fixed asset turnover ratio is not provided, suggesting potential data unavailability. It's essential to verify the accuracy and completeness of financial data when analyzing ratios.
Overall, the trend in Mednax Inc's fixed asset turnover ratio shows some variability, with periods of both improvement and decline. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational efficiency and potential areas for improvement.
Peer comparison
Dec 31, 2024