US Physicalrapy Inc (USPH)
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 | 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 | 481,969 | 479,009 | 474,301 | 462,481 |
| Total assets | US$ in thousands | 997,238 | 1,010,190 | 999,581 | 868,127 | 858,154 | 799,708 | 796,444 | 763,863 | 749,426 | 630,098 | 749,426 | 749,426 | 594,361 | 575,438 | 585,018 | 594,361 | 630,501 | 560,845 | 560,845 | 523,087 |
| Total asset turnover | 0.61 | 0.59 | 0.58 | 0.66 | 0.64 | 0.68 | 0.66 | 0.67 | 0.66 | 0.78 | 0.63 | 0.57 | 0.72 | 0.74 | 0.75 | 0.80 | 0.76 | 0.85 | 0.85 | 0.88 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $604,802K ÷ $997,238K
= 0.61
The total asset turnover of U.S. Physical Therapy, Inc. has fluctuated over the past eight quarters, ranging from 0.58 to 0.68. The total asset turnover ratio measures the efficiency with which the company utilizes its assets to generate revenue. A higher ratio indicates better asset utilization.
In Q1 2023, the total asset turnover was at its highest at 0.66, suggesting that the company generated $0.66 in revenue for every dollar of assets. However, in Q2 and Q3 2023, the ratio decreased to 0.58 and 0.59 respectively, indicating a potential decrease in asset efficiency during those periods.
Overall, the trend in total asset turnover seems somewhat inconsistent, with no clear upward or downward trajectory. This could signal fluctuating levels of asset utilization efficiency within the company. Further analysis may be needed to determine the underlying reasons for these fluctuations and to assess the company's overall asset management strategies.
Peer comparison
Dec 31, 2023