Molina Healthcare Inc (MOH)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	34,072,000	31,974,000	27,771,000	19,423,000	16,829,000
Total assets	US$ in thousands	14,892,000	12,314,000	12,209,000	9,532,000	6,787,000
Total asset turnover		2.29	2.60	2.27	2.04	2.48

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $34,072,000K ÷ $14,892,000K
= 2.29

Total asset turnover measures a company's ability to generate revenue from its assets. Molina Healthcare Inc's total asset turnover has fluctuated over the past five years, ranging from 2.04 to 2.60.

In 2023, the total asset turnover was 2.29, indicating that Molina Healthcare generated $2.29 in revenue for every dollar of assets. This was a decrease from 2022 when the total asset turnover was 2.60, suggesting a more efficient use of assets to generate revenue in the previous year.

Comparing the 2023 figure to earlier years, it was higher than in 2021 (2.27) and 2020 (2.04), but lower than in 2019 (2.48). This suggests that Molina Healthcare's efficiency in utilizing its assets to generate revenue has varied over the years.

Overall, the trend indicates some variability in the company's ability to efficiently leverage its assets to generate revenue. Further analysis of the underlying reasons for these fluctuations may provide insights into Molina Healthcare's operational performance and efficiency.