Privia Health Group Inc (PRVA)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,666,109 | 1,588,009 | 1,511,017 | 1,431,722 | 1,357,202 | 1,266,774 | 1,174,822 | 1,065,403 | 965,150 |
| Property, plant and equipment | US$ in thousands | 2,325 | 2,597 | 2,876 | 3,095 | 3,386 | 3,663 | 3,959 | 4,229 | 4,502 |
| Fixed asset turnover | 716.61 | 611.48 | 525.39 | 462.59 | 400.83 | 345.83 | 296.75 | 251.93 | 214.38 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,666,109K ÷ $2,325K
= 716.61
Fixed asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is using its fixed assets more efficiently to generate sales.
Looking at the data for Privia Health Group Inc over the past eight quarters, we observe a generally increasing trend in fixed asset turnover. The ratio has shown a consistent upward trajectory, reaching 713.01 in Q4 2023 from 252.17 in Q1 2022. This indicates an improvement in the company's ability to generate revenue from its fixed assets over time.
The significant increase in fixed asset turnover suggests that Privia Health Group Inc has been able to optimize the utilization of its fixed assets more effectively, leading to higher revenue generation per dollar invested in fixed assets. This could be attributed to improved operational efficiency, better asset management, or increased sales relative to the value of fixed assets.
Overall, the trend in fixed asset turnover for Privia Health Group Inc indicates positive developments in the company's operational efficiency and asset utilization, which bodes well for its financial performance and future growth prospects.
Peer comparison
Dec 31, 2023