Cigna Corp (CI)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	245,305,000	230,668,000	216,008,000	204,145,000	195,187,000	189,858,000	186,023,000	182,800,000	180,023,000	180,040,000	179,197,000	176,998,000	174,286,000	170,397,000	167,028,000	163,141,000	160,550,000	157,009,000	154,629,000	154,168,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	3,924,000	3,884,000	3,837,000	4,149,000	4,140,000	4,104,000	4,117,000	3,692,000	4,589,000	4,586,000	4,648,000	4,205,000	4,733,000	4,799,000	4,831,000
Fixed asset turnover		—	—	—	—	—	48.38	47.89	47.64	43.39	43.49	43.66	42.99	47.21	37.13	36.42	35.10	38.18	33.17	32.22	31.91

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $245,305,000K ÷ $—K
= —

Fixed asset turnover measures how efficiently a company utilizes its fixed assets to generate revenue. In the case of Cigna Corp, the trend in fixed asset turnover from March 31, 2020, to December 31, 2023, shows a consistent improvement, indicating that the company has been able to generate more revenue relative to its investment in fixed assets over time.

The fixed asset turnover ratio has increased steadily from 31.91 on March 31, 2020, to 47.64 on March 31, 2023. This suggests that Cigna Corp has been effectively using its fixed assets to generate sales and revenue. A higher fixed asset turnover ratio implies that the company is efficiently using its fixed assets to generate revenue, which is a positive sign of operational efficiency.

However, it is important to note that the data for the subsequent periods (March 31, 2024, and beyond) is not available, so it is not possible to provide a complete analysis for those periods. Nevertheless, based on the trend observed up to March 31, 2023, Cigna Corp has shown a positive trend in its fixed asset turnover, indicating effective management and utilization of its fixed assets.