US Physicalrapy Inc (USPH)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 671,345 | 645,699 | 627,673 | 611,968 | 604,802 | 591,183 | 580,778 | 569,949 | 553,144 | 541,795 | 528,086 | 514,358 | 495,022 | 488,399 | 469,431 | 426,360 | 426,709 | 425,613 | 435,939 | 478,455 |
| Property, plant and equipment | US$ in thousands | 32,140 | 26,565 | 26,228 | 26,251 | 26,102 | 26,068 | 24,977 | 24,638 | 24,748 | 25,007 | 24,229 | 24,145 | 22,979 | 22,036 | 21,560 | 21,761 | 21,665 | 21,474 | 22,534 | 22,982 |
| Fixed asset turnover | 20.89 | 24.31 | 23.93 | 23.31 | 23.17 | 22.68 | 23.25 | 23.13 | 22.35 | 21.67 | 21.80 | 21.30 | 21.54 | 22.16 | 21.77 | 19.59 | 19.70 | 19.82 | 19.35 | 20.82 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $671,345K ÷ $32,140K
= 20.89
The fixed asset turnover ratio for US Physicalrapy Inc has shown a generally increasing trend over the observed periods from March 31, 2020, to December 31, 2024. The ratio started around 20.82 in March 2020 and climbed to its peak of 24.31 in September 30, 2024. This indicates that the company is generating more revenue relative to its investment in fixed assets over time.
The steady increase in the fixed asset turnover ratio suggests that US Physicalrapy Inc has been effectively utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio is generally indicative of efficient asset utilization, which can lead to increased profitability and returns for the company.
However, the slight dip in the ratio from December 31, 2024, to 20.89 could be a point of interest for further analysis. It is important for the company to monitor this ratio closely to ensure that the efficiency of asset utilization is maintained or improved upon in the future to sustain growth and profitability.
Peer comparison
Dec 31, 2024