RadNet Inc (RDNT)

Total asset turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 1,823,485 1,772,946 1,713,772 1,657,773 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
Total assets US$ in thousands 3,286,690 3,275,340 3,229,420 2,969,560 2,690,470 2,688,020 2,705,290 2,414,070 2,433,910 2,247,160 2,240,720 2,141,520 2,058,470 2,042,360 2,032,200 1,828,790 1,786,660 1,717,870 1,717,000 1,699,390
Total asset turnover 0.55 0.54 0.53 0.56 0.60 0.59 0.56 0.61 0.59 0.61 0.61 0.63 0.64 0.63 0.61 0.60 0.60 0.62 0.62 0.69

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,823,485K ÷ $3,286,690K
= 0.55

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. A higher total asset turnover indicates that the company is more efficient in using its assets to generate sales.

Based on the data provided for RadNet Inc, we can see that the total asset turnover ratio fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.69 in March 2020, declined to 0.53 in June 2024, and then slightly recovered to 0.55 by December 31, 2024.

The declining trend in total asset turnover over this period suggests that RadNet Inc may be facing challenges in effectively utilizing its assets to generate revenue. It is important for the company to monitor and improve this ratio to ensure optimal asset utilization and overall operational efficiency. Further analysis of the company's asset management practices and revenue generation strategies may be necessary to address this declining trend in total asset turnover.