Tenet Healthcare Corporation (THC)
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 | 19,652,000 | 19,309,000 | 19,100,000 | 18,691,000 | 18,369,000 | 18,331,000 | 18,348,000 | 18,611,000 | 18,679,000 | 19,267,000 | 18,533,000 | 17,726,000 | 17,697,000 | 17,142,000 | 17,794,000 | 18,454,000 | 18,479,000 | 18,292,000 | 18,213,000 | 18,159,000 |
| Total assets | US$ in thousands | 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 | 27,579,000 | 27,106,000 | 26,187,000 | 26,250,000 | 23,823,000 | 23,365,000 | 23,357,000 | 23,207,000 | 23,158,000 |
| Total asset turnover | 0.69 | 0.70 | 0.70 | 0.69 | 0.68 | 0.68 | 0.69 | 0.70 | 0.68 | 0.74 | 0.70 | 0.64 | 0.65 | 0.65 | 0.68 | 0.77 | 0.79 | 0.78 | 0.78 | 0.78 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,652,000K ÷ $28,312,000K
= 0.69
Tenet Healthcare Corp.'s total asset turnover has been relatively stable over the past eight quarters, ranging between 0.71 and 0.74. This indicates that, on average, the company generates between $0.71 and $0.74 in revenue for every dollar of assets it owns.
A total asset turnover below 1 signifies that Tenet Healthcare Corp. may not be efficiently utilizing its assets to generate sales. However, the consistency in the range suggests that the company has been able to maintain a reasonable level of asset efficiency during this period.
Further analysis of Tenet Healthcare Corp.'s total asset turnover trend and comparison with industry peers would provide a more conclusive assessment of its asset management efficiency.
Peer comparison
Dec 31, 2023