Total Asset Turnover
since 2005
Calculation
Elevance Health Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Operating revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 1.50 | = | 175,204) | ÷ | 116,889) |
| Dec 31, 2023 | 1.56 | = | 170,209) | ÷ | 108,928) |
| Dec 31, 2022 | 1.51 | = | 155,660) | ÷ | 102,772) |
| Dec 31, 2021 | 1.41 | = | 136,943) | ÷ | 97,460) |
| Dec 31, 2020 | 1.39 | = | 120,808) | ÷ | 86,615) |
| Dec 31, 2019 | 1.33 | = | 103,141) | ÷ | 77,453) |
| Dec 31, 2018 | 1.28 | = | 91,341) | ÷ | 71,571) |
| Dec 31, 2017 | 1.26 | = | 89,061) | ÷ | 70,540) |
| Dec 31, 2016 | 1.29 | = | 84,194) | ÷ | 65,083) |
| Dec 31, 2015 | 1.27 | = | 78,405) | ÷ | 61,718) |
| Dec 31, 2014 | 1.18 | = | 73,022) | ÷ | 62,065) |
| Dec 31, 2013 | 1.18 | = | 70,191) | ÷ | 59,575) |
| Dec 31, 2012 | 1.03 | = | 60,729) | ÷ | 58,955) |
| Dec 31, 2011 | 1.15 | = | 59,865) | ÷ | 52,019) |
| Dec 31, 2010 | 1.15 | = | 57,844) | ÷ | 50,167) |
| Dec 31, 2009 | 1.17 | = | 60,829) | ÷ | 52,125) |
| Dec 31, 2008 | 1.27 | = | 61,579) | ÷ | 48,403) |
| Dec 31, 2007 | 1.15 | = | 60,122) | ÷ | 52,060) |
| Dec 31, 2006 | 1.08 | = | 56,075) | ÷ | 51,760) |
| Dec 31, 2005 | 0.87 | = | 44,513) | ÷ | 51,405) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
- Operating Revenue
- The operating revenue exhibited a generally upward trend over the analyzed period. Starting at $44,513 million in 2005, the revenue increased significantly year-over-year, reaching $175,204 million by 2024. Some fluctuations were observed, such as a slight decline from 2008 to 2010, where revenues decreased from $61,579 million to $57,844 million. However, from 2011 onwards, the growth trend was consistent and robust, with notable acceleration from 2018 through 2024, coinciding with the latest available data showing the highest revenue figures. This pattern suggests strong revenue expansion and market growth over the long term.
- Total Assets
- Total assets remained relatively stable in the initial years, starting at $51,405 million in 2005 and modestly fluctuating until 2010 where they slightly decreased to $50,167 million. Post-2010, there was a clear upward movement in total assets, increasing steadily and reaching $116,889 million by 2024. This gradual increase reflects consistent asset base growth, likely supporting the company's expanding operations and revenue generation capabilities. The data show no abrupt drops in asset value, indicating steady asset management and accumulation over time.
- Total Asset Turnover
- Total asset turnover improved notably from 0.87 in 2005 to a peak of 1.56 in 2023 with a slight dip to 1.50 in 2024. This ratio indicates increasing efficiency in generating revenue from assets over the years. Initially, the ratio showed steady growth with minor diminuendos around 2012, but resumed increase afterward. The sustained upward trend implies enhanced operational efficiency and better utilization of assets to produce revenue, which is consistent with the concurrent rise in both total assets and operating revenue.
- Overall Financial Trends
- The financial data illustrate a company in growth mode, successfully expanding its revenue base and asset holdings simultaneously, while improving asset utilization efficiency. The steady increase in operating revenue combined with a rising total asset turnover ratio suggests effective management and optimization of resources. The asset growth complements increasing operational scale without impairing efficiency. Minor fluctuations in early years did not deter the long-term positive trajectory. These patterns collectively indicate financial strength, operational efficiency, and an ability to scale over time.
Comparison to Competitors
Elevance Health Inc., total asset turnover, long-term trends, comparison to competitors
| Elevance Health Inc. | Abbott Laboratories | CVS Health Corp. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2024 | 1.50 | 0.52 | 1.46 | 0.45 | 0.36 | 1.32 |
| Dec 31, 2023 | 1.56 | 0.55 | 1.43 | 0.46 | 0.34 | 1.34 |
| Dec 31, 2022 | 1.51 | 0.59 | 1.41 | 0.48 | 0.35 | 1.31 |
| Dec 31, 2021 | 1.41 | 0.57 | 1.25 | 0.42 | 0.32 | 1.34 |
| Dec 31, 2020 | 1.39 | 0.48 | 1.16 | 0.39 | 0.32 | 1.30 |
| Dec 31, 2019 | 1.33 | 0.47 | 1.15 | 0.46 | 0.34 | 1.38 |
| Dec 31, 2018 | 1.28 | 0.46 | 0.99 | 0.47 | 0.33 | 1.48 |
| Dec 31, 2017 | 1.26 | 0.36 | 1.94 | 0.54 | 0.30 | 1.44 |
| Dec 31, 2016 | 1.29 | 0.40 | 1.88 | 0.42 | 0.29 | 1.50 |
| Dec 31, 2015 | 1.27 | 0.49 | 1.64 | 0.49 | 0.19 | 1.40 |
| Dec 31, 2014 | 1.18 | 0.49 | 1.88 | 0.54 | 0.45 | 1.50 |
| Dec 31, 2013 | 1.18 | 0.51 | 1.77 | 0.57 | 0.48 | 1.49 |
| Dec 31, 2012 | 1.03 | 0.59 | 1.87 | 0.54 | 0.49 | 1.36 |
| Dec 31, 2011 | 1.15 | 0.64 | 1.66 | 0.57 | 0.52 | 1.49 |
| Dec 31, 2010 | 1.15 | 0.59 | 1.55 | 0.59 | 0.56 | 1.48 |
| Dec 31, 2009 | 1.17 | 0.59 | 1.60 | 0.58 | 0.62 | 1.47 |
| Dec 31, 2008 | 1.27 | 0.70 | 1.43 | 0.59 | 0.61 | 1.44 |
| Dec 31, 2007 | 1.15 | 0.65 | 1.39 | 0.58 | 0.63 | 1.46 |
| Dec 31, 2006 | 1.08 | 0.62 | 2.13 | 0.55 | 0.57 | 1.46 |
| Dec 31, 2005 | 0.87 | 0.77 | 2.42 | 0.45 | 0.61 | 1.08 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
Elevance Health Inc., total asset turnover, long-term trends, comparison to sector (health care equipment & services)
| Elevance Health Inc. | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2024 | 1.50 | 1.19 |
| Dec 31, 2023 | 1.56 | 1.20 |
| Dec 31, 2022 | 1.51 | 1.17 |
| Dec 31, 2021 | 1.41 | 1.09 |
| Dec 31, 2020 | 1.39 | 1.03 |
| Dec 31, 2019 | 1.33 | 1.04 |
| Dec 31, 2018 | 1.28 | 0.98 |
| Dec 31, 2017 | 1.26 | 1.10 |
| Dec 31, 2016 | 1.29 | 1.13 |
| Dec 31, 2015 | 1.27 | 1.03 |
| Dec 31, 2014 | 1.18 | 1.25 |
| Dec 31, 2013 | 1.18 | 1.22 |
| Dec 31, 2012 | 1.03 | 1.14 |
| Dec 31, 2011 | 1.15 | 1.17 |
| Dec 31, 2010 | 1.15 | 1.13 |
| Dec 31, 2009 | 1.17 | 1.17 |
| Dec 31, 2008 | 1.27 | 1.18 |
| Dec 31, 2007 | 1.15 | 1.15 |
| Dec 31, 2006 | 1.08 | 1.16 |
| Dec 31, 2005 | 0.87 | 1.03 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
Elevance Health Inc., total asset turnover, long-term trends, comparison to industry (health care)
| Elevance Health Inc. | Health Care | |
|---|---|---|
| Dec 31, 2024 | 1.50 | 0.75 |
| Dec 31, 2023 | 1.56 | 0.73 |
| Dec 31, 2022 | 1.51 | 0.75 |
| Dec 31, 2021 | 1.41 | 0.70 |
| Dec 31, 2020 | 1.39 | 0.64 |
| Dec 31, 2019 | 1.33 | 0.65 |
| Dec 31, 2018 | 1.28 | 0.68 |
| Dec 31, 2017 | 1.26 | 0.66 |
| Dec 31, 2016 | 1.29 | 0.67 |
| Dec 31, 2015 | 1.27 | 0.64 |
| Dec 31, 2014 | 1.18 | 0.69 |
| Dec 31, 2013 | 1.18 | 0.67 |
| Dec 31, 2012 | 1.03 | 0.67 |
| Dec 31, 2011 | 1.15 | 0.69 |
| Dec 31, 2010 | 1.15 | 0.68 |
| Dec 31, 2009 | 1.17 | 0.63 |
| Dec 31, 2008 | 1.27 | 0.80 |
| Dec 31, 2007 | 1.15 | 0.77 |
| Dec 31, 2006 | 1.08 | 0.74 |
| Dec 31, 2005 | 0.87 | 0.72 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).