Select Medical Holdings (SEM)
Total 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 | 6,457,510 | 6,760,560 | 6,682,750 | 6,601,130 | 6,549,040 | 6,498,680 | 6,476,780 | 6,463,510 | 6,411,730 | 6,009,720 | 5,899,480 | 5,562,470 | 5,416,770 | 5,330,860 | 5,258,810 | 5,373,360 | 5,278,660 | 5,168,760 | 5,115,800 | 5,051,950 |
| Total assets | US$ in thousands | 7,689,630 | 7,684,010 | 7,701,870 | 7,699,740 | 7,665,290 | 7,554,980 | 7,551,660 | 7,535,940 | 7,360,170 | 7,899,470 | 7,956,380 | 7,920,780 | 7,655,400 | 7,659,880 | 7,468,460 | 7,115,570 | 7,340,290 | 7,154,760 | 7,106,940 | 7,021,490 |
| Total asset turnover | 0.84 | 0.88 | 0.87 | 0.86 | 0.85 | 0.86 | 0.86 | 0.86 | 0.87 | 0.76 | 0.74 | 0.70 | 0.71 | 0.70 | 0.70 | 0.76 | 0.72 | 0.72 | 0.72 | 0.72 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,457,510K ÷ $7,689,630K
= 0.84
Select Medical Holdings Corporation's total asset turnover has been relatively stable over the past eight quarters, ranging from 0.83 to 0.87. This ratio indicates that the company generated approximately $0.83 to $0.87 in revenue for every dollar of total assets it owned during each respective quarter.
A total asset turnover ratio of less than 1 implies that Select Medical Holdings Corporation is not efficiently utilizing its total assets to generate revenue. However, it is essential to consider the nature of the industry when interpreting this ratio, as healthcare companies often have longer asset turnover cycles due to the nature of their operations.
Overall, Select Medical Holdings Corporation's total asset turnover appears consistent but slightly below optimal levels. Further analysis of the company's operations and industry benchmarks may provide additional insights into its asset management efficiency.
Peer comparison
Dec 31, 2023