Privia Health Group Inc (PRVA)
Total 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 |
| Total assets | US$ in thousands | 1,135,780 | 999,900 | 792,813 | 686,373 | 328,969 |
| Total asset turnover | 1.53 | 1.66 | 1.71 | 1.41 | 2.48 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,736,390K ÷ $1,135,780K
= 1.53
Based on the provided data, Privia Health Group Inc's total asset turnover has seen fluctuations over the past five years. The company's total asset turnover ratio was 2.48 in December 31, 2020, indicating that the company generated $2.48 in revenue for every dollar of assets it owned.
However, over the subsequent years, the total asset turnover ratio declined. By December 31, 2021, the total asset turnover ratio decreased to 1.41, signifying a decrease in efficiency in generating revenue from its assets. This trend continued in 2022 with a slight improvement to 1.71 but remained below the initial level.
In the following years, the total asset turnover ratio remained relatively stable, with values of 1.66 in 2023 and 1.53 in 2024. These ratios indicate that the company generated $1.66 and $1.53 in revenue for each dollar of assets in those respective years.
Overall, there appears to be a declining trend in Privia Health Group Inc's total asset turnover ratio, which may suggest inefficiencies in asset utilization or changes in business operations impacting revenue generation relative to asset size. It would be important for the company to further assess the reasons behind these fluctuations and take steps to improve its asset turnover efficiency in order to enhance overall financial performance.
Peer comparison
Dec 31, 2024