Universal Health Services Inc (UHS)
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 | 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 |
| Total assets | US$ in thousands | 13,967,600 | 13,873,500 | 13,732,300 | 13,556,000 | 13,494,200 | 13,378,900 | 13,296,100 | 13,144,400 | 13,093,500 | 12,846,900 | 12,812,600 | 13,096,300 | 13,476,900 | 12,975,800 | 12,148,500 | 11,620,400 | 11,668,200 | 11,594,400 | 11,752,600 | 11,721,300 |
| Total asset turnover | 1.01 | 1.00 | 0.99 | 0.99 | 0.98 | 0.98 | 0.98 | 0.98 | 0.96 | 0.96 | 0.95 | 0.89 | 0.85 | 0.87 | 0.92 | 0.97 | 0.96 | 0.96 | 0.93 | 0.92 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,075,310K ÷ $13,967,600K
= 1.01
Based on the data provided, Universal Health Services, Inc.'s total asset turnover has been relatively stable over the past eight quarters, ranging between 0.98 and 1.02. The total asset turnover ratio measures the company's efficiency in generating revenue from its total assets. A total asset turnover ratio greater than 1 indicates that the company is generating more revenue for each dollar of assets it owns.
In this case, Universal Health Services, Inc. has consistently maintained a total asset turnover ratio above 1, suggesting efficient asset utilization. The slight variations over the quarters indicate that the company has been effectively utilizing its assets to generate revenue. This consistent performance is a positive indicator of the company's operational efficiency and effectiveness in utilizing its asset base to drive revenue growth.
Peer comparison
Dec 31, 2023