CVS Health Corp (CVS)
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 | 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 |
| Total assets | US$ in thousands | 253,215,000 | 252,427,000 | 252,481,000 | 249,743,000 | 249,728,000 | 251,306,000 | 250,071,000 | 239,330,000 | 228,275,000 | 231,212,000 | 230,279,000 | 232,873,000 | 232,999,000 | 234,891,000 | 231,164,000 | 229,606,000 | 230,715,000 | 232,898,000 | 235,495,000 | 230,639,000 |
| Total asset turnover | 1.47 | 1.46 | 1.44 | 1.45 | 1.43 | 1.38 | 1.36 | 1.38 | 1.41 | 1.36 | 1.34 | 1.29 | 1.25 | 1.21 | 1.20 | 1.18 | 1.16 | 1.14 | 1.12 | 1.14 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $372,809,000K ÷ $253,215,000K
= 1.47
The total asset turnover of CVS Health Corp has shown a consistent increasing trend over the analyzed period from March 31, 2020, to December 31, 2024. The ratio has improved from 1.14 in March 2020 to 1.47 in December 2024. This indicates that CVS Health Corp has been more efficient in generating revenue from its assets over time. A higher total asset turnover ratio signifies that the company is utilizing its assets more effectively to generate sales. Overall, the increasing trend in total asset turnover suggests improved operational efficiency and asset utilization within CVS Health Corp during the analyzed period.
Peer comparison
Dec 31, 2024