Cigna Corp (CI)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	195,265,000	189,902,000	186,135,000	183,027,000	180,516,000	180,453,000	179,460,000	177,113,000	174,078,000	170,102,000	166,769,000	162,903,000	160,401,000	156,934,000	154,535,000	154,089,000	153,566,000	129,621,000
Total assets	US$ in thousands	152,761,000	149,645,000	150,054,000	147,976,000	143,885,000	144,209,000	152,630,000	152,610,000	154,889,000	154,251,000	154,207,000	152,081,000	155,451,000	160,044,000	159,628,000	154,711,000	155,774,000	154,847,000	154,401,000	154,348,000
Total asset turnover		1.28	1.27	1.24	1.24	1.25	1.25	1.18	1.16	1.12	1.10	1.08	1.07	1.03	0.98	0.97	1.00	0.99	0.84

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $195,265,000K ÷ $152,761,000K
= 1.28

The total asset turnover of Cigna Group (The) has been relatively stable over the past eight quarters, ranging between 1.16 and 1.28. This ratio measures how efficiently the company is generating sales revenue from its total assets. A total asset turnover above 1 indicates that the company is generating more revenue relative to its total assets, which is generally seen as a positive indicator of operational efficiency. Cigna Group (The) has consistently maintained a total asset turnover above 1, suggesting that the company is effectively utilizing its assets to generate sales revenue. Overall, the trend in total asset turnover indicates that Cigna Group (The) is efficiently managing its assets to drive revenue growth.