P3 Health Partners Warrant(Piiiw) Financials: Fixed Asset Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - fixed asset turnover
This chart shows the historical trend of fixed asset turnover for PIIIW compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Fixed Asset Turnover
Definition: Fixed asset turnover shows how well the company’s long-term physical assets — factories, equipment, property — are being used to generate sales. A high ratio means the company’s facilities are productive and efficient. A low ratio might signal underused assets or over-investment in equipment that isn’t driving enough sales.
Interpretation:
• In '2022', PIIIW's fixed asset turnover was 124.29, illustrating how efficiently fixed assets are generating revenue. Industry average for Medical/Nursing Services in '2022' stood at 4.38.
• In '2023', PIIIW's fixed asset turnover was 144.52, illustrating how efficiently fixed assets are generating revenue. The increase since '2022' reflects strengthening financial performance. Industry average for Medical/Nursing Services in '2023' stood at 5.05. Industry average increased by 0.68 compared to previous year.
• In '2024', PIIIW's fixed asset turnover was 208.11, illustrating how efficiently fixed assets are generating revenue. The increase since '2023' reflects strengthening financial performance. Industry average for Medical/Nursing Services in '2024' stood at 3.43. Industry average declined by 1.62 from previous year.
Overall, PIIIW's fixed asset turnover has been volatile but showed an upward trend over the past 3 years.
Formula: Fixed Asset Turnover = Net Sales / Net Fixed Assets
Good Range: Ranges from 1 to 5 depending on asset intensity.