Privia Health Group Inc (PRVA)
Total 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 |
| Total assets | US$ in thousands | 999,900 | 992,330 | 937,574 | 875,343 | 792,813 | 807,786 | 744,990 | 723,183 | 686,373 |
| Total asset turnover | 1.67 | 1.60 | 1.61 | 1.64 | 1.71 | 1.57 | 1.58 | 1.47 | 1.41 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,666,109K ÷ $999,900K
= 1.67
The total asset turnover ratio for Privia Health Group Inc has shown some fluctuations over the past eight quarters. The ratio measures the efficiency with which the company utilizes its assets to generate revenue. Higher ratios indicate that the company is generating more revenue per dollar of assets.
From Q1 2022 to Q3 2022, the total asset turnover ratio remained relatively stable between 1.47 and 1.58. However, in Q4 2022, there was a notable increase to 1.71, suggesting improved asset utilization efficiency. This positive trend continued into Q1 2023, with a ratio of 1.63.
While there was a slight dip in Q2 2023 to 1.61, the ratio rebounded in Q3 2023 to 1.59. Finally, in Q4 2023, the total asset turnover ratio reached 1.66, indicating a further improvement in the company's ability to generate revenue from its assets.
Overall, Privia Health Group Inc has shown varying levels of asset turnover efficiency over the quarters, with some periods of improvement and minor fluctuations. The increasing trend in recent quarters suggests that the company is effectively utilizing its assets to drive revenue growth.
Peer comparison
Dec 31, 2023