US Physicalrapy Inc (USPH)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 604,802 | 553,144 | 495,022 | 422,969 | 481,969 |
| Property, plant and equipment | US$ in thousands | 26,102 | 24,748 | 22,979 | 21,665 | 22,090 |
| Fixed asset turnover | 23.17 | 22.35 | 21.54 | 19.52 | 21.82 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $604,802K ÷ $26,102K
= 23.17
U.S. Physical Therapy, Inc.'s fixed asset turnover has shown a generally increasing trend over the past five years, starting at 21.82 in 2019 and reaching 23.17 in 2023. This indicates that the company is becoming more efficient in generating revenue from its fixed assets.
A higher fixed asset turnover ratio suggests that the company is effectively utilizing its fixed assets to generate sales. In this case, U.S. Physical Therapy, Inc. has been progressively improving its efficiency in this aspect. This trend may indicate better management of its fixed assets, leading to increased productivity and potentially improved profitability.
Overall, the increasing trend in fixed asset turnover for U.S. Physical Therapy, Inc. signifies positive operational performance and efficiency in utilizing its fixed assets over the years.
Peer comparison
Dec 31, 2023