Mednax Inc (MD)
Total 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 |
| Total assets | US$ in thousands | 2,152,700 | 2,076,870 | 1,995,350 | 2,168,160 | 2,219,810 | 2,326,340 | 2,305,510 | 2,320,050 | 2,347,890 | 2,331,960 | 2,369,620 | 2,340,980 | 2,722,550 | 2,646,100 | 2,555,130 | 2,483,740 | 3,347,950 | 3,424,830 | 3,387,210 | 4,319,660 |
| Total asset turnover | 0.94 | 0.97 | 1.00 | 0.92 | 0.90 | 0.86 | 0.87 | 0.85 | 0.84 | 0.84 | 0.83 | 0.83 | 0.70 | 0.69 | 0.70 | 0.74 | 0.67 | 0.79 | 0.93 | 0.81 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,012,919K ÷ $2,152,700K
= 0.94
The total asset turnover ratio indicates how efficiently a company is utilizing its assets to generate revenue. A higher total asset turnover ratio generally suggests that the company is efficiently using its assets to generate sales.
Analyzing the total asset turnover of Mednax Inc over the period from March 31, 2020, to December 31, 2024, we observe fluctuations in the ratio:
- The ratio saw a slight increase from 0.81 on March 31, 2020, to 1.00 on June 30, 2024, indicating an improvement in asset utilization efficiency during this period.
- The ratio peaked at 1.00 on June 30, 2024, suggesting that Mednax Inc was able to generate $1.00 in sales for every $1.00 of total assets during that quarter.
- However, the ratio decreased to 0.94 by December 31, 2024, indicating a slight decline in asset turnover efficiency compared to the previous quarter.
Overall, the trend in Mednax Inc's total asset turnover ratio shows some fluctuations over the period, with some quarters displaying improved efficiency in asset utilization to generate sales. It is essential for the company to maintain or improve this ratio to ensure optimal utilization of its assets and maximize revenue generation.
Peer comparison
Dec 31, 2024