Mednax Inc (MD)
Total 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 |
| Total assets | US$ in thousands | 2,152,700 | 2,219,810 | 2,347,890 | 2,722,550 | 3,347,950 |
| Total asset turnover | 0.94 | 0.90 | 0.84 | 0.70 | 0.52 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,012,920K ÷ $2,152,700K
= 0.94
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets.
Based on the data provided for Mednax Inc, the total asset turnover increased from 0.52 in December 31, 2020, to 0.94 in December 31, 2024. This upward trend indicates that the company has been more efficient in generating revenue from its assets over the years.
The improvement in total asset turnover suggests that Mednax Inc has been utilizing its assets more effectively to generate sales, which is a positive sign for the company's efficiency and profitability. Higher total asset turnover ratios generally indicate better operational performance, as the company is generating more revenue for each dollar of assets it owns.
Overall, the increasing trend in Mednax Inc's total asset turnover ratio reflects a positive development in the company's asset management and operational efficiency.
Peer comparison
Dec 31, 2024