UnitedHealth Group Incorporated (UNH)

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	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
Total assets	US$ in thousands	273,720,000	282,063,000	280,164,000	283,679,000	245,705,000	243,064,000	230,172,000	221,238,000	212,206,000	213,045,000	210,292,000	205,171,000	197,289,000	190,969,000	192,483,000	189,067,000	173,889,000	173,709,000	167,200,000	161,197,000
Total asset turnover		1.36	1.28	1.24	1.18	1.32	1.30	1.33	1.34	1.36	1.31	1.29	1.28	1.30	1.32	1.29	1.30	1.39	1.38	1.41	1.44

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $371,622,000K ÷ $273,720,000K
= 1.36

UnitedHealth Group Inc's total asset turnover ratio has shown some fluctuations over the past eight quarters. The ratio has ranged from a low of 1.18 in Q1 2023 to a high of 1.36 in Q4 2023. Generally, higher total asset turnover ratios indicate that the company is generating more revenue relative to its total assets.

The increase in total asset turnover from Q1 2023 to Q4 2023 suggests that the company has become more efficient in generating revenue from its total assets. This could be due to better utilization of assets or improved sales management.

Despite some fluctuations, the total asset turnover ratios of UnitedHealth Group Inc over the past two years have generally remained above 1, indicating that the company is effectively utilizing its assets to generate revenue. This is a positive sign for investors and stakeholders, as it shows that the company is making efficient use of its resources.