Microsoft Excel LibreOffice Calc

UnitedHealth Group Inc. (UNH)


Analysis of Long-term (Investment) Activity Ratios

Beginner level


Long-term Activity Ratios (Summary)

UnitedHealth Group Inc., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Net fixed asset turnover 26.59 28.54 31.18 32.17 29.36
Total asset turnover 1.48 1.44 1.50 1.40 1.50
Equity turnover 4.35 4.19 4.81 4.62 4.00

Based on: 10-K (filing date: 2019-02-12), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. UnitedHealth Group Inc.’s net fixed asset turnover ratio deteriorated from 2016 to 2017 and from 2017 to 2018.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. UnitedHealth Group Inc.’s total asset turnover ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. UnitedHealth Group Inc.’s equity turnover ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.

Net Fixed Asset Turnover

UnitedHealth Group Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Revenues 224,871  200,136  184,012  156,397  129,695 
Property, equipment and capitalized software, net of accumulated depreciation and amortization 8,458  7,013  5,901  4,861  4,418 
Long-term Activity Ratio
Net fixed asset turnover1 26.59 28.54 31.18 32.17 29.36
Benchmarks
Net Fixed Asset Turnover, Competitors2
Becton, Dickinson & Co. 2.97 2.61 3.20 2.53 2.34
Intuitive Surgical Inc. 4.59 5.10 5.90 5.52 5.50
Medtronic PLC 6.51 6.81 5.96 4.31 7.11
Stryker Corp. 5.94 6.30 7.22 8.30 8.81
Thermo Fisher Scientific Inc. 5.85 5.17 7.09 6.93 6.96
Net Fixed Asset Turnover, Sector
Health Care Equipment & Services 12.16 12.29 13.38 12.22 12.83
Net Fixed Asset Turnover, Industry
Health Care 6.15 5.94 6.16 5.77 5.67

Based on: 10-K (filing date: 2019-02-12), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

1 2018 Calculation
Net fixed asset turnover = Revenues ÷ Property, equipment and capitalized software, net of accumulated depreciation and amortization
= 224,871 ÷ 8,458 = 26.59

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. UnitedHealth Group Inc.’s net fixed asset turnover ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Total Asset Turnover

UnitedHealth Group Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Revenues 224,871  200,136  184,012  156,397  129,695 
Total assets 152,221  139,058  122,810  111,383  86,382 
Long-term Activity Ratio
Total asset turnover1 1.48 1.44 1.50 1.40 1.50
Benchmarks
Total Asset Turnover, Competitors2
Becton, Dickinson & Co. 0.30 0.32 0.49 0.38 0.68
Intuitive Surgical Inc. 0.47 0.54 0.42 0.49 0.54
Medtronic PLC 0.33 0.30 0.29 0.19 0.45
Stryker Corp. 0.50 0.56 0.55 0.61 0.55
Thermo Fisher Scientific Inc. 0.43 0.37 0.40 0.41 0.39
Total Asset Turnover, Sector
Health Care Equipment & Services 0.80 0.77 0.80 0.70 0.91
Total Asset Turnover, Industry
Health Care 0.54 0.48 0.49 0.47 0.54

Based on: 10-K (filing date: 2019-02-12), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

1 2018 Calculation
Total asset turnover = Revenues ÷ Total assets
= 224,871 ÷ 152,221 = 1.48

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. UnitedHealth Group Inc.’s total asset turnover ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level.

Equity Turnover

UnitedHealth Group Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Revenues 224,871  200,136  184,012  156,397  129,695 
Shareholders’ equity 51,696  47,776  38,274  33,830  32,454 
Long-term Activity Ratio
Equity turnover1 4.35 4.19 4.81 4.62 4.00
Benchmarks
Equity Turnover, Competitors2
Becton, Dickinson & Co. 0.76 0.93 1.64 1.44 1.67
Intuitive Surgical Inc. 0.56 0.66 0.47 0.55 0.63
Medtronic PLC 0.59 0.59 0.55 0.38 0.87
Stryker Corp. 1.16 1.25 1.19 1.17 1.13
Thermo Fisher Scientific Inc. 0.88 0.82 0.85 0.79 0.82
Equity Turnover, Sector
Health Care Equipment & Services 1.84 1.84 1.91 1.68 2.05
Equity Turnover, Industry
Health Care 1.40 1.22 1.18 1.08 1.19

Based on: 10-K (filing date: 2019-02-12), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

1 2018 Calculation
Equity turnover = Revenues ÷ Shareholders’ equity
= 224,871 ÷ 51,696 = 4.35

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. UnitedHealth Group Inc.’s equity turnover ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.