Universal Health Services Inc (UHS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,827,900 | 14,282,000 | 13,399,400 | 12,642,100 | 11,558,900 |
| Property, plant and equipment | US$ in thousands | — | — | 6,373,110 | 6,241,750 | 5,373,120 |
| Fixed asset turnover | — | — | 2.10 | 2.03 | 2.15 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,827,900K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate revenue. In the case of Universal Health Services Inc, the fixed asset turnover ratio has shown a fluctuating trend over the past years.
As of December 31, 2020, the fixed asset turnover ratio was 2.15, indicating that for every dollar invested in fixed assets, the company generated $2.15 in revenue. However, this ratio decreased slightly to 2.03 by December 31, 2021, suggesting a potential decrease in the company's efficiency in utilizing its fixed assets to generate revenue.
On December 31, 2022, the fixed asset turnover ratio improved to 2.10, indicating a better utilization of fixed assets compared to the previous year. Unfortunately, there is missing data for the years 2023 and 2024, making it challenging to assess the trend over those years.
In conclusion, while the company's fixed asset turnover ratio has fluctuated in recent years, it is essential for Universal Health Services Inc to continue monitoring and managing its fixed assets efficiently to optimize revenue generation and overall financial performance.
Peer comparison
Dec 31, 2024