Humana Inc (HUM)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 106,374,000 | 92,870,000 | 83,064,000 | 77,155,000 | 64,888,000 |
| Total assets | US$ in thousands | 47,065,000 | 43,055,000 | 44,358,000 | 34,969,000 | 29,074,000 |
| Total asset turnover | 2.26 | 2.16 | 1.87 | 2.21 | 2.23 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $106,374,000K ÷ $47,065,000K
= 2.26
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. Humana Inc.'s total asset turnover has shown fluctuations over the past five years. In 2023, the total asset turnover ratio increased to 2.26 from 2.16 in 2022, indicating that the company generated $2.26 in revenue for every dollar of assets. This suggests an improvement in asset utilization efficiency compared to the previous year. However, it is essential to note that the ratio was lower in 2021 at 1.87, signifying less effective asset management that year. The ratios for 2020 and 2019 were relatively stable at 2.21 and 2.23, respectively. Overall, the trend in total asset turnover for Humana Inc. demonstrates some variability, highlighting the importance of scrutinizing the company's asset management strategies and operational efficiency.
Peer comparison
Dec 31, 2023