Molina Healthcare Inc (MOH)
Total 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 |
| Total assets | US$ in thousands | 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 | 6,787,000 | 6,701,000 | 6,690,000 | 7,579,000 |
| Total asset turnover | 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 | 2.48 | 2.57 | 2.64 | 2.42 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $34,072,000K ÷ $14,892,000K
= 2.29
Molina Healthcare Inc's total asset turnover ratio has shown some fluctuations over the past eight quarters. The ratio ranged from a high of 2.60 in Q4 2022 to a low of 2.24 in Q3 2023. Overall, the company's total asset turnover has averaged around 2.36 during this period.
A total asset turnover ratio of 2.36 indicates that for every dollar of assets Molina Healthcare holds, the company generates approximately $2.36 in revenue. This implies the company is effectively utilizing its assets to generate sales.
The decreasing trend from Q4 2022 to Q3 2023 could suggest that Molina Healthcare may be experiencing challenges in efficiently utilizing its assets to generate revenue during this period. It could be due to various factors such as increased competition, changes in operating efficiency, or shifts in business strategy.
However, it's important to note that the fluctuations in total asset turnover ratios should be analyzed in conjunction with other financial and operational metrics to get a more comprehensive understanding of Molina Healthcare's overall performance and efficiency in utilizing its assets effectively.
Peer comparison
Dec 31, 2023