Tenet Healthcare Corporation (THC)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 20,665,000 | 20,972,000 | 20,916,000 | 20,895,000 | 20,548,000 | 20,159,000 | 19,894,000 | 19,450,000 | 19,174,000 | 19,040,000 | 19,133,000 | 19,449,000 | 19,485,000 | 19,544,000 | 19,207,000 | 17,901,000 | 17,640,000 | 17,531,000 | 17,542,000 | 18,454,000 |
| Total assets | US$ in thousands | 28,936,000 | 29,372,000 | 29,265,000 | 28,907,000 | 28,312,000 | 27,590,000 | 27,157,000 | 27,067,000 | 27,156,000 | 27,076,000 | 26,621,000 | 26,650,000 | 27,579,000 | 25,913,000 | 26,565,000 | 26,554,000 | 27,106,000 | 26,187,000 | 26,250,000 | 23,823,000 |
| Total asset turnover | 0.71 | 0.71 | 0.71 | 0.72 | 0.73 | 0.73 | 0.73 | 0.72 | 0.71 | 0.70 | 0.72 | 0.73 | 0.71 | 0.75 | 0.72 | 0.67 | 0.65 | 0.67 | 0.67 | 0.77 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $20,665,000K ÷ $28,936,000K
= 0.71
Tenet Healthcare Corporation's total asset turnover has fluctuated over the past few years. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. From March 31, 2020, to December 31, 2024, the total asset turnover ranged from 0.65 to 0.77. Initially, the ratio decreased slightly, reaching its lowest point of 0.65 by the end of 2020. Subsequently, there was a gradual improvement in efficiency, with the ratio fluctuating between 0.67 and 0.75 until December 31, 2021.
In the later years, the total asset turnover remained relatively stable, ranging between 0.70 and 0.73. This stability suggests that Tenet Healthcare has been effectively managing its assets to generate revenue. Overall, the trend indicates that the company has maintained a moderate level of efficiency in utilizing its assets for revenue generation over the analyzed period.
Peer comparison
Dec 31, 2024