UnitedHealth Group Incorporated (UNH)

Fixed 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	396,627,000	389,068,000	381,255,000	375,185,000	368,331,000	357,870,000	347,400,000	335,944,000	324,162,000	315,118,000	306,561,000	297,550,000	287,597,000	279,321,000	272,099,000	262,916,000	257,141,000	252,575,000	247,811,000	246,268,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	11,070,000	10,926,000	10,637,000	10,128,000	9,469,000	9,421,000	9,183,000	8,969,000	8,730,000	8,735,000	8,496,000	8,626,000	8,151,000	8,126,000	8,173,000
Fixed asset turnover		—	—	—	—	—	32.33	31.80	31.58	32.01	33.28	32.54	32.40	32.07	32.00	31.15	30.95	29.81	30.99	30.50	30.13

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $396,627,000K ÷ $—K
= —

UnitedHealth Group Incorporated's fixed asset turnover ratio has shown a general increasing trend over the period from March 31, 2020, to September 30, 2023. The ratio increased from 30.13 on March 31, 2020, to 32.33 on September 30, 2023. This trend indicates that the company is generating more revenue relative to its investment in fixed assets during this period.

However, it is important to note that the fixed asset turnover ratio experienced a slight decline to 31.58 on March 31, 2023, followed by a further decrease to an unknown value as the ratio was not provided for the later quarters of 2023 and the entirety of 2024. The decline in the ratio may suggest a decrease in revenue generated per dollar invested in fixed assets, which could be a cause for further investigation.

Overall, the trend of increasing fixed asset turnover up to September 30, 2023, followed by a potential decline in 2023 warrants monitoring to understand the impact on UnitedHealth Group's operational efficiency and asset utilization in subsequent periods.