UnitedHealth Group Incorporated (UNH)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	371,622,000	324,162,000	287,597,000	257,141,000	242,155,000
Property, plant and equipment	US$ in thousands	11,450,000	10,128,000	8,969,000	8,626,000	8,704,000
Fixed asset turnover		32.46	32.01	32.07	29.81	27.82

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $371,622,000K ÷ $11,450,000K
= 32.46

Unitedhealth Group Inc's fixed asset turnover has been consistently high over the past five years, ranging from 27.82 to 32.46. This indicates that the company is generating significant revenue relative to its investment in fixed assets. The trend shows a slight increase in fixed asset turnover from 2019 to 2023, suggesting improved efficiency in utilizing fixed assets to generate sales. A high fixed asset turnover ratio is generally seen as positive, as it indicates that the company is effectively using its fixed assets to support revenue generation.