Cigna Corp (CI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 244,384,000 | 195,187,000 | 180,031,000 | 174,267,000 | 160,550,000 |
| Property, plant and equipment | US$ in thousands | — | — | 4,149,000 | 3,692,000 | 4,205,000 |
| Fixed asset turnover | — | — | 43.39 | 47.20 | 38.18 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $244,384,000K ÷ $—K
= —
The fixed asset turnover ratio for Cigna Corp has shown a consistent trend of improvement from 38.18 in December 2020 to 47.20 in December 2021, and further to 43.39 in December 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, which is a positive sign of efficiency in asset utilization. However, the absence of data for December 2023 and 2024 limits a comprehensive analysis of the trend beyond 2022. To enhance the evaluation of the company's performance, additional financial information for the missing years would be beneficial.
Peer comparison
Dec 31, 2024