CVS Health Corp (CVS)
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 | 372,809,000 | 368,912,000 | 363,248,000 | 360,935,000 | 357,776,000 | 347,809,000 | 339,204,000 | 330,919,000 | 322,467,000 | 315,225,000 | 307,860,000 | 299,840,000 | 292,111,000 | 285,061,000 | 278,323,000 | 271,048,000 | 268,706,000 | 266,041,000 | 263,795,000 | 261,885,000 |
| Property, plant and equipment | US$ in thousands | 11,853,000 | 12,728,000 | 13,032,000 | 13,037,000 | 11,954,000 | 13,022,000 | 13,001,000 | 12,872,000 | 12,873,000 | 12,626,000 | 12,764,000 | 12,844,000 | 12,896,000 | 12,771,000 | 12,664,000 | 12,611,000 | 12,606,000 | 12,349,000 | 12,221,000 | 12,146,000 |
| Fixed asset turnover | 31.45 | 28.98 | 27.87 | 27.69 | 29.93 | 26.71 | 26.09 | 25.71 | 25.05 | 24.97 | 24.12 | 23.34 | 22.65 | 22.32 | 21.98 | 21.49 | 21.32 | 21.54 | 21.59 | 21.56 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $372,809,000K ÷ $11,853,000K
= 31.45
The fixed asset turnover for CVS Health Corp has shown a steady increase over the period from March 31, 2020, to December 31, 2024. The ratio has improved from 21.56 in March 2020 to 31.45 in December 2024. This indicates that CVS Health Corp is generating more revenue from its fixed assets over time, reflecting the company's ability to efficiently utilize its investments in property, plant, and equipment to generate sales. The increasing trend in fixed asset turnover suggests that the company is effectively managing its fixed assets, which is a positive sign for its operational efficiency and profitability.
Peer comparison
Dec 31, 2024