UnitedHealth Group Incorporated (UNH)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 400,278,000 | 367,533,000 | 322,132,000 | 285,273,000 | 255,639,000 |
| Total assets | US$ in thousands | 298,278,000 | 273,720,000 | 245,705,000 | 212,206,000 | 197,289,000 |
| Total asset turnover | 1.34 | 1.34 | 1.31 | 1.34 | 1.30 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $400,278,000K ÷ $298,278,000K
= 1.34
UnitedHealth Group Incorporated's total asset turnover has shown relatively consistent performance over the past five years. The ratio has ranged from 1.30 in December 2020 to 1.34 in December 2021, 2023, and 2024. This indicates that for each dollar of total assets held by the company, it generated $1.30 to $1.34 in revenue.
Although there was a slight dip to 1.31 in December 2022, the overall trend suggests that UnitedHealth Group is effectively utilizing its assets to generate sales. A total asset turnover above 1 indicates efficient asset utilization, which is a positive sign for investors as it shows that the company is generating revenue efficiently relative to its asset base.
The consistency of the total asset turnover ratio over the years indicates that UnitedHealth Group's management is effectively managing its assets to drive revenue growth. However, it is essential to consider other factors alongside this ratio to get a comprehensive view of the company's financial performance.
Peer comparison
Dec 31, 2024