Select Medical Holdings (SEM)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,457,510 | 6,549,040 | 6,411,890 | 5,748,680 | 5,539,610 |
| Property, plant and equipment | US$ in thousands | 1,023,560 | 1,001,440 | 961,467 | 943,420 | 998,406 |
| Fixed asset turnover | 6.31 | 6.54 | 6.67 | 6.09 | 5.55 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,457,510K ÷ $1,023,560K
= 6.31
The fixed asset turnover ratio for Select Medical Holdings Corporation has shown a consistent positive trend over the past five years, indicating the company's ability to generate revenue from its fixed assets efficiently. The ratio has consistently been above 5.0, reaching the highest level of 6.51 in 2023. This suggests that for every dollar invested in fixed assets, the company is generating approximately $6.51 in revenue, demonstrating effective asset utilization and operational efficiency. The increasing trend in fixed asset turnover implies that Select Medical Holdings Corporation has been successful in maximizing the productivity and profitability of its fixed assets over the years.
Peer comparison
Dec 31, 2023