National HealthCare Corporation (NHC)
Total 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 |
| Total assets | US$ in thousands | 1,524,430 | 1,310,800 | 1,275,450 | 1,403,400 | 1,362,130 |
| Total asset turnover | 0.86 | 0.87 | 0.85 | 0.77 | 0.75 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,307,380K ÷ $1,524,430K
= 0.86
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. For National HealthCare Corporation, the trend in total asset turnover has been generally positive over the past five years. Starting at 0.75 in December 2020, the total asset turnover ratio increased steadily to 0.86 by December 2024.
This indicates that the company has been able to generate more revenue per dollar of assets over time, reflecting improved efficiency in asset utilization. A rising total asset turnover ratio suggests that National HealthCare Corporation has enhanced its operational performance and increased productivity in terms of generating sales relative to its asset base.
Overall, the upward trend in total asset turnover for National HealthCare Corporation is a positive signal, indicating improved efficiency in utilizing its assets to drive revenue growth over the five-year period.
Peer comparison
Dec 31, 2024