Molina Healthcare Inc (MOH)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 34,072,000 | 33,247,000 | 32,626,000 | 32,353,000 | 31,974,000 | 31,160,000 | 30,273,000 | 29,019,000 | 27,771,000 | 25,597,000 | 23,578,000 | 21,396,000 | 19,423,000 | 18,462,000 | 17,684,000 | 17,259,000 | 16,829,000 | 17,219,000 | 17,673,000 | 18,363,000 |
| Property, plant and equipment | US$ in thousands | 932,000 | 290,000 | 285,000 | 274,000 | 882,000 | 412,000 | 401,000 | 393,000 | 822,000 | 385,000 | 383,000 | 378,000 | 752,000 | 395,000 | 399,000 | 385,000 | 687,000 | 379,000 | 373,000 | 376,000 |
| Fixed asset turnover | 36.56 | 114.64 | 114.48 | 118.08 | 36.25 | 75.63 | 75.49 | 73.84 | 33.78 | 66.49 | 61.56 | 56.60 | 25.83 | 46.74 | 44.32 | 44.83 | 24.50 | 45.43 | 47.38 | 48.84 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $34,072,000K ÷ $932,000K
= 36.56
Molina Healthcare Inc's fixed asset turnover ratio has displayed a varying trend over the past eight quarters. The fixed asset turnover ratio measures how efficiently the company generates sales revenue from its investments in fixed assets.
In Q4 2023, the fixed asset turnover ratio significantly increased to 126.19, indicating that the company generated $126.19 in sales for every dollar invested in fixed assets during that period. This represents a notable improvement in asset utilization efficiency compared to the previous quarter and to the same period in the prior year.
Overall, Molina Healthcare Inc has shown a generally favorable trend in fixed asset turnover, with consistently high ratios in more recent quarters compared to earlier periods. This suggests that the company has been effectively leveraging its fixed assets to drive revenue generation and maximize operational efficiency.
However, further analysis and comparison with industry benchmarks would be beneficial to gain a more comprehensive understanding of Molina Healthcare Inc's performance in terms of fixed asset turnover.
Peer comparison
Dec 31, 2023