Universal Health Services Inc (UHS)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,075,300 | 13,272,500 | 12,558,400 | 11,452,600 | 11,215,500 |
| Property, plant and equipment | US$ in thousands | 6,124,530 | 5,918,460 | 5,874,280 | 5,373,120 | 5,016,700 |
| Fixed asset turnover | 2.30 | 2.24 | 2.14 | 2.13 | 2.24 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $14,075,300K ÷ $6,124,530K
= 2.30
Universal Health Services, Inc.'s fixed asset turnover has shown consistent performance over the past five years. The company's fixed asset turnover ratio has ranged from 2.15 to 2.33 during this period. This indicates that the company generates $2.15 to $2.33 in revenue for every dollar invested in fixed assets.
An increasing fixed asset turnover ratio over time suggests that the company is managing its fixed assets more efficiently and effectively utilizing them to generate revenue. On the other hand, a decreasing ratio could indicate inefficiencies in asset utilization.
Overall, Universal Health Services, Inc.'s fixed asset turnover ratio has remained stable and relatively high, reflecting the company's ability to efficiently generate revenue from its investment in fixed assets. This indicates strong operational performance in utilizing its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2023