Molina Healthcare Inc (MOH)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 40,650,000 | 34,072,000 | 31,974,000 | 27,771,000 | 19,423,000 |
| Total assets | US$ in thousands | 15,630,000 | 14,892,000 | 12,314,000 | 12,209,000 | 9,532,000 |
| Total asset turnover | 2.60 | 2.29 | 2.60 | 2.27 | 2.04 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $40,650,000K ÷ $15,630,000K
= 2.60
Molina Healthcare Inc's total asset turnover has shown a consistent upward trend over the past five years, increasing from 2.04 in 2020 to 2.60 in both 2022 and 2024. This indicates that the company is generating more revenue relative to its total assets, reflecting improved efficiency in asset utilization. The increase in total asset turnover suggests that Molina Healthcare Inc has been able to drive more sales from its assets, which can result in higher profitability and shareholder value. The company's ability to efficiently use its assets to generate revenue bodes well for its operational performance and overall financial health.
Peer comparison
Dec 31, 2024