Planet Fitness Inc (PLNT)

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	1,160,425	1,082,185	1,045,786	1,009,840	986,001	984,910	952,853	891,685	852,544	755,272	666,937	580,823	510,272	479,125	428,591	330,645	346,043	403,782	472,257	622,556
Total assets	US$ in thousands	3,069,710	3,048,180	2,974,040	2,992,780	2,969,690	2,944,850	2,848,240	2,905,560	2,854,590	2,846,260	2,884,090	2,992,400	2,015,980	1,949,700	1,899,600	1,864,980	1,849,740	1,801,550	1,800,040	1,875,640
Total asset turnover		0.38	0.36	0.35	0.34	0.33	0.33	0.33	0.31	0.30	0.27	0.23	0.19	0.25	0.25	0.23	0.18	0.19	0.22	0.26	0.33

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,160,425K ÷ $3,069,710K
= 0.38

Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. For Planet Fitness Inc, the total asset turnover has shown a declining trend from 0.33 in March 2020 to 0.38 in December 2024. This indicates that the company is generating less revenue per dollar of assets over the period analyzed.

The lower total asset turnover could be a result of several factors such as the company expanding its asset base faster than it grows its revenue, inefficiencies in asset utilization, or changes in business strategy. Investors and stakeholders may want to monitor this ratio closely to ensure the company is effectively managing its assets to drive revenue growth and profitability.