National HealthCare Corporation (NHC)
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 | 1,307,382 | 1,238,946 | 1,187,233 | 1,169,157 | 1,141,544 | 1,105,183 | 1,087,541 | 1,076,318 | 1,085,738 | 1,104,619 | 1,110,513 | 1,102,312 | 1,074,302 | 1,050,693 | 1,024,582 | 1,023,066 | 1,028,217 | 1,022,272 | 1,018,713 | 1,004,222 |
| Total assets | US$ in thousands | 1,524,430 | 1,562,710 | 1,339,700 | 1,319,640 | 1,310,800 | 1,281,910 | 1,280,680 | 1,265,350 | 1,275,450 | 1,295,560 | 1,350,470 | 1,357,010 | 1,403,400 | 1,415,800 | 1,457,370 | 1,355,310 | 1,362,130 | 1,338,780 | 1,335,240 | 1,256,310 |
| Total asset turnover | 0.86 | 0.79 | 0.89 | 0.89 | 0.87 | 0.86 | 0.85 | 0.85 | 0.85 | 0.85 | 0.82 | 0.81 | 0.77 | 0.74 | 0.70 | 0.75 | 0.75 | 0.76 | 0.76 | 0.80 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,307,382K ÷ $1,524,430K
= 0.86
The total asset turnover of National HealthCare Corporation has shown some fluctuation over the past few years. The ratio was 0.80 as of March 31, 2020, and decreased slightly to 0.76 by June 30, 2020. It remained at around 0.75 for the rest of 2020 and into the first quarter of 2021.
There was a dip to 0.70 by June 30, 2021, before recovering to 0.85 by December 31, 2022. From there, the total asset turnover continued to improve, reaching a peak of 0.89 as of June 30, 2024. However, there was a slight decrease to 0.79 by September 30, 2024, before rebounding to 0.86 by the end of the year.
Overall, the trend in total asset turnover for National HealthCare Corporation has shown some variability but generally seems to be on an upward trajectory, indicating the company's ability to generate more revenue relative to its total assets.
Peer comparison
Dec 31, 2024