Elevance Health Inc (ELV)
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 | 176,810,000 | 174,015,000 | 171,719,000 | 171,745,000 | 171,340,000 | 167,687,000 | 164,777,000 | 159,737,000 | 155,660,000 | 151,551,000 | 147,434,000 | 142,653,000 | 136,943,000 | 133,882,000 | 129,218,000 | 124,631,000 | 121,867,000 | 117,450,000 | 112,966,000 | 109,168,000 |
| Total assets | US$ in thousands | 116,889,000 | 116,533,000 | 112,988,000 | 111,894,000 | 108,928,000 | 110,478,000 | 109,168,000 | 109,040,000 | 102,755,000 | 103,026,000 | 100,877,000 | 100,486,000 | 97,460,000 | 98,060,000 | 96,097,000 | 95,683,000 | 86,615,000 | 86,574,000 | 87,976,000 | 82,399,000 |
| Total asset turnover | 1.51 | 1.49 | 1.52 | 1.53 | 1.57 | 1.52 | 1.51 | 1.46 | 1.51 | 1.47 | 1.46 | 1.42 | 1.41 | 1.37 | 1.34 | 1.30 | 1.41 | 1.36 | 1.28 | 1.32 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $176,810,000K ÷ $116,889,000K
= 1.51
The total asset turnover ratio for Elevance Health Inc has shown a generally increasing trend from March 31, 2020, to December 31, 2024. This ratio indicates how efficiently the company is utilizing its assets to generate revenue.
Starting at 1.32 in March 2020, the ratio fluctuated slightly over the next few quarters but experienced a noticeable increase, reaching 1.41 by December 2020. The company maintained this level in the following quarters of March 2021 and June 2021.
The total asset turnover ratio then experienced a slight increase to 1.42 by March 2022 and continued to rise steadily, reaching 1.57 by December 31, 2023. This signifies that Elevance Health Inc was utilizing its assets effectively to generate revenue during this period.
Although there was a slight dip to 1.53 by March 31, 2024, the ratio remained relatively high, indicating a continued efficient utilization of assets. Overall, the increasing trend in the total asset turnover ratio reflects positively on Elevance Health Inc's operational efficiency and ability to generate sales from its assets.
Peer comparison
Dec 31, 2024