Molina Healthcare Inc (MOH)
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 | 40,650,000 | 39,199,000 | 37,407,000 | 35,854,000 | 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 |
| Property, plant and equipment | US$ in thousands | 1,029,000 | 306,000 | 305,000 | 295,000 | 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 |
| Fixed asset turnover | 39.50 | 128.10 | 122.65 | 121.54 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $40,650,000K ÷ $1,029,000K
= 39.50
Molina Healthcare Inc's fixed asset turnover ratio has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024. The fixed asset turnover ratio measures how efficiently the company generates revenue from its investment in fixed assets.
Initially, the ratio was relatively high at around 45, indicating that Molina Healthcare was generating significant revenue from its fixed assets. However, there was a noticeable drop in the ratio by December 31, 2020, to 25.83, suggesting a decreased efficiency in utilizing fixed assets to generate revenue.
Subsequently, there was a gradual improvement in the fixed asset turnover ratio, with peaks observed in March 31, 2023, and March 31, 2024, reaching exceptionally high levels of 118.08 and 121.54, respectively. These peaks suggest that Molina Healthcare significantly increased its revenue generation efficiency from its fixed assets during these periods.
Overall, the trend in the fixed asset turnover ratio indicates that Molina Healthcare has made efforts to enhance its utilization of fixed assets to generate revenue, with periods of both decline and significant improvement. Investors and stakeholders can use this information to assess the company's operational efficiency and its ability to maximize returns from its investment in fixed assets.
Peer comparison
Dec 31, 2024