Select Medical Holdings (SEM)
Total 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 |
| Total assets | US$ in thousands | 7,689,630 | 7,665,290 | 7,360,170 | 7,655,400 | 7,340,290 |
| Total asset turnover | 0.84 | 0.85 | 0.87 | 0.75 | 0.75 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,457,510K ÷ $7,689,630K
= 0.84
Over the past five years, Select Medical Holdings Corporation has shown a consistent trend in its total asset turnover ratio. The company's total asset turnover ratio has gradually improved from 0.74 in 2019 to 0.87 in 2023. This indicates that Select Medical Holdings has been able to generate more revenue relative to its total assets over time.
A total asset turnover ratio of 0.87 in 2023 means that for every dollar of assets the company holds, it generates $0.87 in sales revenue. This reflects the company's efficiency in utilizing its assets to generate revenue.
Overall, the increasing trend in total asset turnover ratio suggests that Select Medical Holdings has been effectively managing its assets to drive revenue growth and improve operational efficiency.
Peer comparison
Dec 31, 2023