Elevance Health Inc (ELV)
Total 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 |
| Total assets | US$ in thousands | 116,889,000 | 108,928,000 | 102,755,000 | 97,460,000 | 86,615,000 |
| Total asset turnover | 1.51 | 1.57 | 1.52 | 1.42 | 1.41 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $176,810,000K ÷ $116,889,000K
= 1.51
The total asset turnover of Elevance Health Inc has shown a generally increasing trend over the past five years, starting at 1.41 in December 2020 and reaching 1.51 in December 2024. This indicates that the company has been able to generate more revenue relative to its total assets over time. The peak value of 1.57 in December 2023 suggests that the company was particularly efficient in utilizing its assets to generate sales that year. Overall, the increasing trend in total asset turnover reflects improving efficiency in utilizing company assets to drive revenue, which can be a positive indicator of operational effectiveness and financial health.
Peer comparison
Dec 31, 2024