Mednax Inc (MD)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,952,565 | 1,970,095 | 1,954,256 | 1,942,533 | 1,875,310 | 1,838,785 | 1,833,740 | 1,819,476 | 1,820,657 | 1,742,618 | 1,700,649 | 1,718,227 | 2,121,961 | 2,610,331 | 3,035,720 | 3,392,011 | 3,394,161 | 3,423,711 | 3,439,807 | 3,496,892 |
| Total assets | US$ in thousands | 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 | 4,145,900 | 4,290,660 | 5,638,810 | 5,706,260 |
| Total asset turnover | 0.88 | 0.85 | 0.85 | 0.84 | 0.80 | 0.79 | 0.77 | 0.78 | 0.67 | 0.66 | 0.67 | 0.69 | 0.63 | 0.76 | 0.90 | 0.79 | 0.82 | 0.80 | 0.61 | 0.61 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,952,565K ÷ $2,219,810K
= 0.88
The total asset turnover of Pediatrix Medical Group Inc has shown a relatively stable trend over the past eight quarters, fluctuating between 0.83 and 0.90. This ratio measures the efficiency of the company in generating revenue from its total assets. A higher total asset turnover indicates that the company is able to generate more revenue for each dollar of assets it owns.
The average total asset turnover over the period is approximately 0.86, suggesting that, on average, the company is generating $0.86 in revenue for every dollar of assets it holds. This indicates a moderate level of efficiency in utilizing its assets to generate revenue.
Despite some minor fluctuations, the total asset turnover of Pediatrix Medical Group Inc appears to be relatively consistent, implying a stable operational performance in terms of asset utilization over the past two years. It is important for the company to continue monitoring and managing its asset turnover to ensure efficient utilization of resources to drive revenue growth and profitability.
Peer comparison
Dec 31, 2023