CVS Health Corp (CVS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 372,809,000 | 357,776,000 | 322,467,000 | 292,111,000 | 268,706,000 |
| Property, plant and equipment | US$ in thousands | 11,853,000 | 11,954,000 | 12,873,000 | 12,896,000 | 12,606,000 |
| Fixed asset turnover | 31.45 | 29.93 | 25.05 | 22.65 | 21.32 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $372,809,000K ÷ $11,853,000K
= 31.45
The fixed asset turnover ratio for CVS Health Corp has shown a consistent upward trend from 21.32 in December 2020 to 31.45 in December 2024. This indicates that the company generates more revenue per dollar of fixed assets invested over the period under review. The increasing trend suggests that CVS Health Corp has been effectively utilizing its fixed assets to generate sales, reflecting operational efficiency and potentially effective capital allocation. This positive trend in fixed asset turnover is a favorable indicator of the company's operational performance and efficiency in managing its assets to drive revenue growth.
Peer comparison
Dec 31, 2024