Privia Health Group Inc (PRVA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,736,390 | 1,657,740 | 1,356,660 | 966,220 | 817,075 |
| Property, plant and equipment | US$ in thousands | — | — | 3,386 | 14,136 | 4,814 |
| Fixed asset turnover | — | — | 400.67 | 68.35 | 169.73 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,736,390K ÷ $—K
= —
Privia Health Group Inc's fixed asset turnover ratio provides insight into how efficiently the company generates revenue from its fixed assets.
- As of December 31, 2020, Privia Health Group recorded a notably high fixed asset turnover ratio of 169.73, indicating that the company generated $169.73 in revenue for every dollar invested in fixed assets. This suggests highly efficient utilization of fixed assets to generate revenue.
- However, by December 31, 2021, the fixed asset turnover ratio decreased to 68.35. This decline may be a cause for concern as it indicates a decrease in the efficiency of utilizing fixed assets to generate revenue.
- On a positive note, the fixed asset turnover ratio significantly improved to 400.67 by December 31, 2022. This substantial increase indicates a significant improvement in efficiency in generating revenue from fixed assets.
- It is important to note that data for December 31, 2023, and December 31, 2024, are not available. Therefore, the trend in fixed asset turnover cannot be extrapolated beyond December 31, 2022.
In conclusion, Privia Health Group Inc has shown variability in its fixed asset turnover ratio over the years, with a notable increase in efficiency in 2022 after a decline in 2021. Monitoring this ratio in future financial periods will be crucial to assess the company's ongoing efficiency in utilizing fixed assets to generate revenue.
Peer comparison
Dec 31, 2024