Molina Healthcare Inc (MOH)
Total 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 |
| Total assets | US$ in thousands | 15,630,000 | 15,758,000 | 15,185,000 | 15,513,000 | 14,892,000 | 14,870,000 | 13,661,000 | 13,371,000 | 12,314,000 | 12,793,000 | 12,572,000 | 12,360,000 | 12,209,000 | 11,033,000 | 10,530,000 | 9,950,000 | 9,532,000 | 7,881,000 | 7,876,000 | 7,129,000 |
| Total asset turnover | 2.60 | 2.49 | 2.46 | 2.31 | 2.29 | 2.24 | 2.39 | 2.42 | 2.60 | 2.44 | 2.41 | 2.35 | 2.27 | 2.32 | 2.24 | 2.15 | 2.04 | 2.34 | 2.25 | 2.42 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $40,650,000K ÷ $15,630,000K
= 2.60
The total asset turnover ratio of Molina Healthcare Inc has shown a generally increasing trend from March 31, 2020, to December 31, 2024. The ratio indicates how efficiently the company is utilizing its total assets to generate revenue.
The ratio started at 2.42 on March 31, 2020, and fluctuated slightly over the quarters, reaching a low of 2.04 on December 31, 2020. However, from there, the ratio began to improve steadily, reaching a peak of 2.60 on December 31, 2022, and maintaining this level through the end of December 31, 2024.
This upward trend suggests that Molina Healthcare Inc has been improving its efficiency in generating revenue from its total assets over the years, which is a positive indicator of the company's operational performance. A higher total asset turnover ratio generally indicates better asset utilization and efficiency in generating sales. Investors and analysts may view this trend favorably as it reflects a more effective use of the company's resources.
Peer comparison
Dec 31, 2024