Humana Inc (HUM)
Total 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 |
| Total assets | US$ in thousands | 46,479,000 | 47,065,000 | 43,055,000 | 44,358,000 | 34,969,000 |
| Total asset turnover | 2.53 | 2.26 | 2.16 | 1.87 | 2.21 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $117,761,000K ÷ $46,479,000K
= 2.53
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. For Humana Inc, the total asset turnover ratio fluctuated over the past five years. It was 2.21 in 2020, indicating that the company generated $2.21 in revenue for every $1 of assets. In 2021, the ratio decreased to 1.87, suggesting a decline in asset utilization efficiency. However, from 2022 to 2024, the total asset turnover improved, reaching 2.53 in 2024. This upward trend indicates that Humana Inc became more effective in generating revenue from its assets during these years. Overall, the company's total asset turnover ratio reflects a mix of performance fluctuations and improvements in asset utilization efficiency over the analyzed period.
Peer comparison
Dec 31, 2024