Tenet Healthcare Corporation (THC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 20,665,000 | 20,548,000 | 19,174,000 | 19,485,000 | 17,640,000 |
| Property, plant and equipment | US$ in thousands | — | — | 6,462,000 | 6,427,000 | 6,692,000 |
| Fixed asset turnover | — | — | 2.97 | 3.03 | 2.64 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $20,665,000K ÷ $—K
= —
The fixed asset turnover ratio reflects how efficiently Tenet Healthcare Corporation generates revenue from its fixed assets. Looking at the data provided, we can see a positive trend in the company's fixed asset turnover ratio over the years.
- In December 31, 2020, the fixed asset turnover ratio was 2.64, indicating that for every dollar invested in fixed assets, the company generated $2.64 in revenue.
- By December 31, 2021, the ratio improved to 3.03, showing an increase in efficiency in utilizing fixed assets to generate revenue.
- Although the ratio dipped slightly to 2.97 by December 31, 2022, it still remained at a relatively high level.
- Unfortunately, data for December 31, 2023, and December 31, 2024 are not available for analysis in the provided information.
Overall, the increasing trend in the fixed asset turnover ratio from 2020 to 2022 suggests that Tenet Healthcare Corporation has been able to improve its efficiency in utilizing fixed assets to generate revenue. It would be important to monitor future trends to ensure that the company continues to effectively manage and optimize its fixed asset utilization.
Peer comparison
Dec 31, 2024