Tenet Healthcare Corporation (THC)
Total 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 |
| Total assets | US$ in thousands | 28,936,000 | 28,312,000 | 27,156,000 | 27,579,000 | 27,106,000 |
| Total asset turnover | 0.71 | 0.73 | 0.71 | 0.71 | 0.65 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $20,665,000K ÷ $28,936,000K
= 0.71
Tenet Healthcare Corporation's total asset turnover has shown a generally increasing trend over the past five years. The ratio increased from 0.65 in December 2020 to 0.71 in December 2021, maintaining this level through December 2022 before rising to 0.73 by December 2023. However, by December 2024, the total asset turnover had returned to the 0.71 level.
The total asset turnover ratio indicates how efficiently the company utilizes its assets to generate revenue. In this case, the increasing trend suggests that Tenet Healthcare Corporation has been more effective in generating revenue from its assets over the years, except for a slight decline in 2024. This could be indicative of improvements in operational efficiency and asset utilization within the company.
Peer comparison
Dec 31, 2024