Humana Inc (HUM)

Fixed 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	117,761,000	115,010,000	112,036,000	109,243,000	106,374,000	102,351,000	98,727,000	95,642,000	92,870,000	91,485,000	89,383,000	86,366,000	83,064,000	81,072,000	80,450,000	78,888,000	77,155,000	74,388,000	70,554,000	67,716,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	3,342,000	3,309,000	3,234,000	3,221,000	3,218,000	3,121,000	3,189,000	3,073,000	2,898,000	2,690,000	2,507,000	2,371,000	2,228,000	2,118,000	2,023,000
Fixed asset turnover		—	—	—	—	—	30.63	29.84	29.57	28.83	28.43	28.64	27.08	27.03	27.98	29.91	31.47	32.54	33.39	33.31	33.47

December 31, 2024 calculation

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

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investment in fixed assets. For Humana Inc, the fixed asset turnover has shown a decreasing trend from March 31, 2020, to March 31, 2022, indicating that the company may not be efficiently utilizing its fixed assets to generate sales.

However, from March 31, 2022, to December 31, 2023, the fixed asset turnover ratio started to increase, suggesting an improvement in the company's ability to generate revenue from its fixed assets. It peaked at 30.63 on September 30, 2023, before declining slightly to 29.57 on March 31, 2024.

It is important for Humana Inc to closely monitor its fixed asset turnover ratio to ensure that its investments in fixed assets are yielding optimal returns. A higher fixed asset turnover ratio generally indicates better asset utilization and operational efficiency.