US Physicalrapy Inc (USPH)
Total 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 |
| Total assets | US$ in thousands | 997,238 | 858,154 | 749,426 | 594,361 | 630,501 |
| Total asset turnover | 0.61 | 0.64 | 0.66 | 0.71 | 0.76 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $604,802K ÷ $997,238K
= 0.61
The total asset turnover ratio of U.S. Physical Therapy, Inc. has been fluctuating over the past five years. It decreased from 0.86 in 2019 to 0.61 in 2023. This declining trend indicates that the company is generating fewer sales relative to its total assets. A lower total asset turnover ratio suggests that the company may be less efficient in utilizing its assets to generate revenue. It could imply issues such as excess inventory, inefficient use of assets, or declining sales. Management should focus on improving operational efficiency and asset management to increase the total asset turnover ratio and maximize revenue generation from the existing asset base.
Peer comparison
Dec 31, 2023