Cigna Corp (CI)

Total 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
Total assets	US$ in thousands	155,881,000	157,639,000	150,851,000	148,447,000	147,926,000	149,645,000	150,054,000	147,976,000	143,932,000	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
Total asset turnover		1.57	1.46	1.43	1.38	1.32	1.27	1.24	1.24	1.25	1.25	1.17	1.16	1.13	1.10	1.08	1.07	1.03	0.98	0.97	1.00

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $245,305,000K ÷ $155,881,000K
= 1.57

The total asset turnover ratio for Cigna Corp has shown a consistent upward trend from 1.00 in March 2020 to 1.57 in December 2024. This indicates that Cigna has been more efficient in generating revenue relative to its total assets over this period. The increasing trend suggests that the company has been able to generate more sales from its assets, which is a positive sign of operational efficiency and effective asset utilization. It signifies that Cigna has been effectively managing its assets to drive revenue growth, potentially through strategic investments or improved operating performance. Overall, the increasing total asset turnover ratio reflects positively on Cigna's ability to generate sales from its asset base.