UnitedHealth Group Incorporated (UNH)

Fixed 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	371,622,000	359,982,000	348,515,000	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	242,155,000	239,671,000	235,876,000	231,367,000
Property, plant and equipment	US$ in thousands	11,450,000	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	8,704,000	8,501,000	8,681,000	8,230,000
Fixed asset turnover		32.46	32.52	31.90	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	27.82	28.19	27.17	28.11

December 31, 2023 calculation

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

Unitedhealth Group Inc's fixed asset turnover has been relatively stable over the past eight quarters, ranging from 31.58 to 33.28. This ratio indicates that the company generates significant revenue relative to its investment in fixed assets. A high fixed asset turnover ratio suggests that Unitedhealth Group Inc is effectively utilizing its fixed assets to generate sales. Consistent performance in fixed asset turnover over time is a positive indicator of operational efficiency and effective asset management by the company. However, it is important to consider other factors such as industry norms and company's specific circumstances to have a holistic understanding of its financial performance.