National HealthCare Corporation (NHC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,307,380 | 1,141,540 | 1,085,740 | 1,074,300 | 1,028,220 |
| Property, plant and equipment | US$ in thousands | 684,289 | 493,329 | 506,532 | 520,996 | 520,318 |
| Fixed asset turnover | 1.91 | 2.31 | 2.14 | 2.06 | 1.98 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,307,380K ÷ $684,289K
= 1.91
National HealthCare Corporation's fixed asset turnover has shown a generally increasing trend over the past five years. The ratio has improved from 1.98 in December 31, 2020, to 1.91 at the end of December 31, 2024. This indicates that the company generated $2.31 in revenue for every dollar invested in fixed assets by the end of December 31, 2023, which is a positive sign of efficiency in utilizing its fixed assets to generate sales. However, the ratio decreased in 2024 compared to the previous year, potentially signaling a lower level of efficiency in generating sales from fixed assets. It is important for National HealthCare Corporation to monitor this trend to ensure optimal utilization of its fixed assets for revenue generation.
Peer comparison
Dec 31, 2024