Humana Inc (HUM)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	117,761,000	106,374,000	92,870,000	83,064,000	77,155,000
Property, plant and equipment	US$ in thousands	—	—	3,221,000	3,073,000	2,371,000
Fixed asset turnover		—	—	28.83	27.03	32.54

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $117,761,000K ÷ $—K
= —

The fixed asset turnover ratio reflects how efficiently a company is utilizing its fixed assets to generate revenue. Looking at the data provided for Humana Inc, we observe a trend in the fixed asset turnover ratio over the years.

In 2020, the fixed asset turnover ratio was notably high at 32.54, indicating that Humana was generating $32.54 in revenue for every dollar invested in fixed assets during that period. This high ratio suggests strong efficiency in utilizing fixed assets to drive revenue.

However, in the subsequent years, the fixed asset turnover ratio declined. By the end of 2021, the ratio decreased to 27.03, and by the end of 2022, it slightly improved to 28.83. The declining trend may indicate that Humana's ability to generate revenue from its fixed assets decreased during these years, which could potentially signify inefficiencies in asset utilization or changes in the business operations impacting asset productivity.

Notably, there is no data provided for the fixed asset turnover ratio for the years 2023 and 2024, denoted by "—". This lack of information for these years makes it challenging to assess the trend in the efficiency of fixed asset utilization in those periods.

Overall, the analysis of Humana Inc's fixed asset turnover ratio suggests a mix of high efficiency in asset utilization in 2020 followed by a decline in subsequent years. Further information and context would be necessary to fully understand the factors contributing to these fluctuations in fixed asset turnover over the specified years.