RadNet Inc (RDNT)

Total asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 1,823,480 1,616,630 1,430,060 1,315,080 1,071,840
Total assets US$ in thousands 3,286,690 2,690,470 2,433,910 2,058,470 1,786,660
Total asset turnover 0.55 0.60 0.59 0.64 0.60

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,823,480K ÷ $3,286,690K
= 0.55

RadNet Inc's total asset turnover has been fluctuating over the past five years. The ratio increased from 0.60 in December 31, 2020 to 0.64 in December 31, 2021, indicating that the company generated $0.64 in revenue for every dollar of assets during that year. However, there was a slight decline in total asset turnover to 0.59 in December 31, 2022, before increasing back to 0.60 in December 31, 2023.

The most notable change occurred in December 31, 2024, where the total asset turnover dropped to 0.55, signifying that the company generated less revenue per dollar of assets compared to the previous year. This decline may indicate inefficiencies in asset utilization or changes in the company's revenue generation capabilities. Overall, RadNet Inc's total asset turnover ratio shows variability in how effectively the company is using its assets to generate revenue over the five-year period.