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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. US Physical Therapy's Revenue for the three months ended in Dec. 2024 was $180.4 Mil. US Physical Therapy's Total Assets for the quarter that ended in Dec. 2024 was $1,098.3 Mil. Therefore, US Physical Therapy's Asset Turnover for the quarter that ended in Dec. 2024 was 0.16.
Asset Turnover is linked to ROE % through Du Pont Formula. US Physical Therapy's annualized ROE % for the quarter that ended in Dec. 2024 was 6.12%. It is also linked to ROA % through Du Pont Formula. US Physical Therapy's annualized ROA % for the quarter that ended in Dec. 2024 was 2.71%.
The historical data trend for US Physical Therapy's Asset Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
US Physical Therapy Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial |
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0.73 | 0.74 | 0.69 | 0.65 | 0.62 |
US Physical Therapy Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Asset Turnover | Get a 7-Day Free Trial |
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0.15 | 0.16 | 0.16 | 0.16 | 0.16 |
For the Medical Care Facilities subindustry, US Physical Therapy's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Healthcare Providers & Services industry and Healthcare sector, US Physical Therapy's Asset Turnover distribution charts can be found below:
* The bar in red indicates where US Physical Therapy's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
US Physical Therapy's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2024 ) | / | ( (Total Assets (A: Dec. 2023 ) | + | Total Assets (A: Dec. 2024 )) | / count ) |
= | 671.345 | / | ( (997.238 | + | 1167.467) | / 2 ) |
= | 671.345 | / | 1082.3525 | |||
= | 0.62 |
US Physical Therapy's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Dec. 2024 ) | / | ( (Total Assets (Q: Sep. 2024 ) | + | Total Assets (Q: Dec. 2024 )) | / count ) |
= | 180.447 | / | ( (1029.191 | + | 1167.467) | / 2 ) |
= | 180.447 | / | 1098.329 | |||
= | 0.16 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.
US Physical Therapy (NYSE:USPH) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
US Physical Therapy's annulized ROE % for the quarter that ended in Dec. 2024 is
ROE %** | (Q: Dec. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 29.752 | / | 485.8435 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (29.752 / 721.788) | * | (721.788 / 1098.329) | * | (1098.329/ 485.8435) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 4.12 % | * | 0.6572 | * | 2.2607 |
= | ROA % | * | Equity Multiplier | ||
= | 2.71 % | * | 2.2607 | ||
= | 6.12 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.
It is also linked to ROA % through Du Pont Formula:
US Physical Therapy's annulized ROA % for the quarter that ended in Dec. 2024 is
ROA % | (Q: Dec. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 29.752 | / | 1098.329 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (29.752 / 721.788) | * | (721.788 / 1098.329) |
= | Net Margin % | * | Asset Turnover |
= | 4.12 % | * | 0.6572 |
= | 2.71 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.
Thank you for viewing the detailed overview of US Physical Therapy's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Graham D. Reeve | officer: COO | 1300 W. SAM HOUSTON PARKWAY, SUITE 300, HOUSTON TX 77042 |
Carey P Hendrickson | officer: Chief Financial Officer, other: Effective 11/9/2020 | 400 S. RECORD STREET, DALLAS TX 75202 |
Harris Bernard A Jr | director | 3411 ERIN KNOLL CT, HOUSTON TX 77059 |
Nancy Ham | director | U.S. PHYSICAL THERAPY INC., 1300 W SAM HOUSTON PARKWAY - SUITE 100, HOUSTON TX 77042 |
Eric Joseph Williams | officer: Chief Operations Officer | 1300 SAM HOUSTON PARKWAY W, SUITE 300, HOUSTON TX 77042 |
Clayton Trier | director | 1300 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 300, HOUSTON TX 77042 |
Kathleen A Gilmartin | director | 1300 W SAM HOUSTON PKWY S, SUITE 300, HOUSTON TX 77042 |
Christopher J Reading | officer: Chief Operating Officer | |
Edward L Kuntz | director | |
Richard Binstein | officer: EVP Gen'l Counsel & Secretary | 3733 ROSEMONT PASS, NEWTOWN SQUARE PA 19037 |
Harry S Chapman | director | 4626 DRAKE FALLS COURT, KATY TX 77450 |
Mark J Brookner | director | 1300 W SAM HOUSTON PARKWAY S, STE 300, HOUSTON TX 77042 |
Regg E. Swanson | director, Director | 1737 BURKE HOLLOW ROAD, NOLENSVILLE TN 37037 |
Anne Motsenbocker | director | 1300 W SAM HOUSTON PARKWAY, SUITE 300, HOUSTON TX 77042 |
Glenn Mcdowell | officer: Chief Operating Officer | 1300 W. SAM HOUSTON PKWY S., SUITE 300, HOUSTON TX 77042 |
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