Elevance Health Inc (ELV)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 176,810,000 | 171,340,000 | 156,595,000 | 138,639,000 | 121,867,000 |
| Property, plant and equipment | US$ in thousands | — | — | 4,316,000 | 3,919,000 | 3,483,000 |
| Fixed asset turnover | — | — | 36.28 | 35.38 | 34.99 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $176,810,000K ÷ $—K
= —
The fixed asset turnover ratio for Elevance Health Inc has shown a positive trend over the past few years, increasing from 34.99 in 2020 to 36.28 in 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets. However, there is missing data for 2023 and 2024, making it difficult to assess the ratio's continued performance. Overall, the increasing trend in the fixed asset turnover ratio suggests that Elevance Health Inc is effectively utilizing its fixed assets to generate sales. Further monitoring of the ratio in future periods will provide insights into the company's ongoing efficiency in this aspect.
Peer comparison
Dec 31, 2024