Total Asset Turnover
since 2005
Calculation
Cigna Group, total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenues from external customers1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 1.58 | = | 246,148) | ÷ | 155,881) |
| Dec 31, 2023 | 1.27 | = | 194,099) | ÷ | 152,761) |
| Dec 31, 2022 | 1.25 | = | 179,361) | ÷ | 143,932) |
| Dec 31, 2021 | 1.11 | = | 172,529) | ÷ | 154,889) |
| Dec 31, 2020 | 1.02 | = | 159,157) | ÷ | 155,451) |
| Dec 31, 2019 | 0.98 | = | 152,176) | ÷ | 155,774) |
| Dec 31, 2018 | 0.31 | = | 47,170) | ÷ | 153,226) |
| Dec 31, 2017 | 0.66 | = | 40,580) | ÷ | 61,759) |
| Dec 31, 2016 | 0.65 | = | 38,352) | ÷ | 59,360) |
| Dec 31, 2015 | 0.64 | = | 36,666) | ÷ | 57,088) |
| Dec 31, 2014 | 0.60 | = | 33,594) | ÷ | 55,896) |
| Dec 31, 2013 | 0.57 | = | 31,003) | ÷ | 54,336) |
| Dec 31, 2012 | 0.52 | = | 27,931) | ÷ | 53,734) |
| Dec 31, 2011 | 0.41 | = | 20,790) | ÷ | 51,047) |
| Dec 31, 2010 | 0.44 | = | 20,073) | ÷ | 45,682) |
| Dec 31, 2009 | 0.41 | = | 17,443) | ÷ | 43,013) |
| Dec 31, 2008 | 0.44 | = | 18,208) | ÷ | 41,406) |
| Dec 31, 2007 | 0.41 | = | 16,494) | ÷ | 40,065) |
| Dec 31, 2006 | 0.36 | = | 15,132) | ÷ | 42,399) |
| Dec 31, 2005 | 0.34 | = | 15,332) | ÷ | 44,863) |
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
- Revenues from External Customers
- The revenue exhibited a general upward trend over the analyzed period. Starting around 15,332 million USD in 2005, revenue increased with some fluctuations, notably surging after 2013. A significant leap occurred between 2018 and 2019, jumping from about 47,170 million USD to 152,176 million USD. This sharp increase suggests possible strategic growth initiatives such as acquisitions or expanded operations. Revenues continued to climb steadily afterwards, reaching 246,148 million USD by 2024, indicating strong growth momentum.
- Total Assets
- Total assets remained relatively stable in the initial years, fluctuating modestly between around 40,000 million USD and 51,000 million USD from 2005 to 2012. A substantial increase began after 2012, jumping sharply from 61,759 million USD in 2017 to 153,226 million USD in 2018, closely paralleling the revenue surge. From 2018 onward, assets stayed within a higher range between approximately 143,932 million USD and 155,881 million USD, reflecting a changed capital structure or asset base that supports the larger scale of operations.
- Total Asset Turnover
- The total asset turnover ratio showed a gradual improvement from 0.34 in 2005 to around 0.66 in 2017, indicating increased efficiency in generating revenue from assets. However, there was a noticeable drop to 0.31 in 2018, coinciding with the asset base surge. Following this, the ratio increased substantially, reaching 1.58 by 2024. This rise suggests that the company became significantly more effective at leveraging its asset base for revenue generation over the latter part of the timeline, possibly reflecting integration efficiencies or better asset utilization after expansion.
- Summary
- Overall, the data indicates that the company experienced a phase of moderate growth and stable asset levels for over a decade, followed by a major transformation around 2018. This period is marked by rapid asset and revenue expansion, followed by improved operational efficiency as indicated by the rising asset turnover ratio. The trends reflect successful scaling of business operations, likely supported by strategic investments or structural changes that enhanced the firm's ability to generate revenues relative to its assets.
Comparison to Competitors
Cigna Group, total asset turnover, long-term trends, comparison to competitors
| Cigna Group | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2024 | 1.58 | 0.52 | 1.50 | 0.45 | 0.36 | 1.32 |
| Dec 31, 2023 | 1.27 | 0.55 | 1.56 | 0.46 | 0.34 | 1.34 |
| Dec 31, 2022 | 1.25 | 0.59 | 1.51 | 0.48 | 0.35 | 1.31 |
| Dec 31, 2021 | 1.11 | 0.57 | 1.41 | 0.42 | 0.32 | 1.34 |
| Dec 31, 2020 | 1.02 | 0.48 | 1.39 | 0.39 | 0.32 | 1.30 |
| Dec 31, 2019 | 0.98 | 0.47 | 1.33 | 0.46 | 0.34 | 1.38 |
| Dec 31, 2018 | 0.31 | 0.46 | 1.28 | 0.47 | 0.33 | 1.48 |
| Dec 31, 2017 | 0.66 | 0.36 | 1.26 | 0.54 | 0.30 | 1.44 |
| Dec 31, 2016 | 0.65 | 0.40 | 1.29 | 0.42 | 0.29 | 1.50 |
| Dec 31, 2015 | 0.64 | 0.49 | 1.27 | 0.49 | 0.19 | 1.40 |
| Dec 31, 2014 | 0.60 | 0.49 | 1.18 | 0.54 | 0.45 | 1.50 |
| Dec 31, 2013 | 0.57 | 0.51 | 1.18 | 0.57 | 0.48 | 1.49 |
| Dec 31, 2012 | 0.52 | 0.59 | 1.03 | 0.54 | 0.49 | 1.36 |
| Dec 31, 2011 | 0.41 | 0.64 | 1.15 | 0.57 | 0.52 | 1.49 |
| Dec 31, 2010 | 0.44 | 0.59 | 1.15 | 0.59 | 0.56 | 1.48 |
| Dec 31, 2009 | 0.41 | 0.59 | 1.17 | 0.58 | 0.62 | 1.47 |
| Dec 31, 2008 | 0.44 | 0.70 | 1.27 | 0.59 | 0.61 | 1.44 |
| Dec 31, 2007 | 0.41 | 0.65 | 1.15 | 0.58 | 0.63 | 1.46 |
| Dec 31, 2006 | 0.36 | 0.62 | 1.08 | 0.55 | 0.57 | 1.46 |
| Dec 31, 2005 | 0.34 | 0.77 | 0.87 | 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)
Cigna Group, total asset turnover, long-term trends, comparison to sector (health care equipment & services)
| Cigna Group | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2024 | 1.58 | 1.08 |
| Dec 31, 2023 | 1.27 | 1.10 |
| Dec 31, 2022 | 1.25 | 1.06 |
| Dec 31, 2021 | 1.11 | 1.02 |
| Dec 31, 2020 | 1.02 | 0.97 |
| Dec 31, 2019 | 0.98 | 0.98 |
| Dec 31, 2018 | 0.31 | 0.98 |
| Dec 31, 2017 | 0.66 | 0.89 |
| Dec 31, 2016 | 0.65 | 0.92 |
| Dec 31, 2015 | 0.64 | 0.85 |
| Dec 31, 2014 | 0.60 | 1.05 |
| Dec 31, 2013 | 0.57 | 1.04 |
| Dec 31, 2012 | 0.52 | 0.94 |
| Dec 31, 2011 | 0.41 | 1.02 |
| Dec 31, 2010 | 0.44 | 1.00 |
| Dec 31, 2009 | 0.41 | 1.03 |
| Dec 31, 2008 | 0.44 | 1.09 |
| Dec 31, 2007 | 0.41 | 1.06 |
| Dec 31, 2006 | 0.36 | 1.03 |
| Dec 31, 2005 | 0.34 | 0.88 |
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)
Cigna Group, total asset turnover, long-term trends, comparison to industry (health care)
| Cigna Group | Health Care | |
|---|---|---|
| Dec 31, 2024 | 1.58 | 0.65 |
| Dec 31, 2023 | 1.27 | 0.63 |
| Dec 31, 2022 | 1.25 | 0.66 |
| Dec 31, 2021 | 1.11 | 0.62 |
| Dec 31, 2020 | 1.02 | 0.57 |
| Dec 31, 2019 | 0.98 | 0.57 |
| Dec 31, 2018 | 0.31 | 0.63 |
| Dec 31, 2017 | 0.66 | 0.56 |
| Dec 31, 2016 | 0.65 | 0.57 |
| Dec 31, 2015 | 0.64 | 0.55 |
| Dec 31, 2014 | 0.60 | 0.60 |
| Dec 31, 2013 | 0.57 | 0.58 |
| Dec 31, 2012 | 0.52 | 0.58 |
| Dec 31, 2011 | 0.41 | 0.61 |
| Dec 31, 2010 | 0.44 | 0.61 |
| Dec 31, 2009 | 0.41 | 0.55 |
| Dec 31, 2008 | 0.44 | 0.73 |
| Dec 31, 2007 | 0.41 | 0.71 |
| Dec 31, 2006 | 0.36 | 0.69 |
| Dec 31, 2005 | 0.34 | 0.66 |
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).