Universal Health Services Inc (UHS)
Fixed 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 | 14,075,310 | 13,828,440 | 13,619,410 | 13,417,830 | 13,272,470 | 13,132,410 | 12,966,840 | 12,845,690 | 12,565,440 | 12,389,350 | 12,142,520 | 11,670,220 | 11,472,510 | 11,281,820 | 11,174,860 | 11,283,260 | 11,254,690 | 11,112,940 | 10,941,340 | 10,772,010 |
| Property, plant and equipment | US$ in thousands | 6,124,530 | 6,087,050 | 6,027,720 | 5,954,140 | 5,918,460 | 5,936,400 | 5,970,720 | 5,918,470 | 5,874,280 | 5,687,700 | 5,629,900 | 5,495,600 | 5,373,120 | 5,248,840 | 5,104,550 | 5,042,290 | 5,016,700 | 4,958,410 | 4,944,700 | 4,914,840 |
| Fixed asset turnover | 2.30 | 2.27 | 2.26 | 2.25 | 2.24 | 2.21 | 2.17 | 2.17 | 2.14 | 2.18 | 2.16 | 2.12 | 2.14 | 2.15 | 2.19 | 2.24 | 2.24 | 2.24 | 2.21 | 2.19 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,075,310K ÷ $6,124,530K
= 2.30
The fixed asset turnover ratio for Universal Health Services, Inc. has been gradually increasing over the past eight quarters, indicating the company's ability to generate revenue from its fixed assets more efficiently. The ratio has consistently been above 2.0, suggesting that the company is effectively utilizing its fixed assets to generate sales. This improvement in fixed asset turnover reflects positively on the company's operational efficiency and management of its asset base. Overall, the trend in fixed asset turnover for Universal Health Services, Inc. demonstrates a healthy and efficient utilization of fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2023