RadNet Inc (RDNT)
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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,616,630 | 1,580,123 | 1,528,199 | 1,478,859 | 1,430,062 | 1,379,335 | 1,361,981 | 1,341,524 | 1,315,076 | 1,289,862 | 1,248,948 | 1,105,596 | 1,071,841 | 1,064,746 | 1,065,662 | 1,164,193 | 1,154,178 | 1,110,549 | 1,060,005 | 1,015,303 |
| Property, plant and equipment | US$ in thousands | 604,401 | 577,227 | 576,094 | 545,492 | 565,961 | 515,569 | 514,661 | 488,958 | 484,247 | 452,145 | 435,172 | 412,711 | 399,335 | 361,950 | 370,188 | 376,431 | 367,795 | 352,310 | 352,624 | 343,964 |
| Fixed asset turnover | 2.67 | 2.74 | 2.65 | 2.71 | 2.53 | 2.68 | 2.65 | 2.74 | 2.72 | 2.85 | 2.87 | 2.68 | 2.68 | 2.94 | 2.88 | 3.09 | 3.14 | 3.15 | 3.01 | 2.95 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,616,630K ÷ $604,401K
= 2.67
Fixed asset turnover measures how efficiently a company utilizes its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates better utilization of fixed assets.
In the case of Radnet Inc, the fixed asset turnover has been relatively consistent over the past eight quarters, ranging from 2.53 to 2.74. This indicates that Radnet Inc has been effectively utilizing its fixed assets to generate revenue during this time period.
The slight fluctuations in the fixed asset turnover ratio suggest that there may have been some variations in the company's revenue generation relative to its investment in fixed assets. Overall, a consistent and relatively high fixed asset turnover ratio like Radnet Inc's indicates operational efficiency and effective management of fixed assets to drive revenue.
Peer comparison
Dec 31, 2023