Cigna Corp (CI)

Total 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
Total assets	US$ in thousands	155,881,000	152,761,000	143,932,000	154,889,000	155,451,000
Total asset turnover		1.57	1.28	1.25	1.13	1.03

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $244,384,000K ÷ $155,881,000K
= 1.57

Cigna Corp's total asset turnover has shown a positive trend over the recent years. The ratio has increased steadily from 1.03 in December 31, 2020 to 1.57 by December 31, 2024. This indicates that the company is generating more revenue relative to its total assets. The improvement in total asset turnover implies that Cigna Corp is utilizing its assets more efficiently to generate sales. Higher total asset turnover ratios are generally a positive indication of operational efficiency and effective management of assets to drive revenue growth.