US Physicalrapy Inc (USPH)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 671,345 | 604,802 | 553,144 | 495,022 | 422,969 |
| Property, plant and equipment | US$ in thousands | 32,140 | 26,102 | 24,748 | 22,979 | 21,665 |
| Fixed asset turnover | 20.89 | 23.17 | 22.35 | 21.54 | 19.52 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $671,345K ÷ $32,140K
= 20.89
US Physicalrapy Inc's fixed asset turnover has shown a generally increasing trend over the past five years. The ratio has improved from 19.52 in December 31, 2020, to 20.89 by December 31, 2024. This indicates that the company is generating more revenue relative to its investment in fixed assets. The peak in fixed asset turnover was observed on December 31, 2023, with a ratio of 23.17, suggesting an efficient utilization of fixed assets to generate sales. However, the slight decline in the ratio in December 31, 2024, may warrant further investigation to ensure optimal asset utilization. Overall, the company's ability to generate revenue from its fixed assets has been solid and improving, reflecting efficient operational performance.
Peer comparison
Dec 31, 2024