Elevance Fixed Asset Turnover from 2010 to 2024

ELV Stock  USD 402.75  0.79  0.20%   
Elevance Health Fixed Asset Turnover yearly trend continues to be fairly stable with very little volatility. Fixed Asset Turnover is likely to outpace its year average in 2024. During the period from 2010 to 2024, Elevance Health Fixed Asset Turnover regression line of quarterly data had mean square error of  22.81 and geometric mean of  37.19. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
39.30718055
Current Value
44.14
Quarterly Volatility
4.71253096
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Elevance Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Elevance Health's main balance sheet or income statement drivers, such as Interest Expense of 1.1 B, Total Revenue of 179.9 B or Gross Profit of 161.7 B, as well as many indicators such as Price To Sales Ratio of 0.46, Dividend Yield of 0.0153 or PTB Ratio of 1.5. Elevance financial statements analysis is a perfect complement when working with Elevance Health Valuation or Volatility modules.
  
Check out the analysis of Elevance Health Correlation against competitors.
For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.

Latest Elevance Health's Fixed Asset Turnover Growth Pattern

Below is the plot of the Fixed Asset Turnover of Elevance Health over the last few years. It is Elevance Health's Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Elevance Health's overall financial position and show how it may be relating to other accounts over time.
Fixed Asset Turnover10 Years Trend
Pretty Stable
   Fixed Asset Turnover   
       Timeline  

Elevance Fixed Asset Turnover Regression Statistics

Arithmetic Mean37.49
Geometric Mean37.19
Coefficient Of Variation12.57
Mean Deviation3.67
Median38.02
Standard Deviation4.71
Sample Variance22.21
Range18.1775
R-Value0.22
Mean Square Error22.81
R-Squared0.05
Significance0.44
Slope0.23
Total Sum of Squares310.91

Elevance Fixed Asset Turnover History

2024 44.14
2023 39.31
2022 36.28
2021 35.38
2020 34.99
2019 33.26
2018 33.68

About Elevance Health Financial Statements

Elevance Health investors use historical fundamental indicators, such as Elevance Health's Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Elevance Health. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Fixed Asset Turnover 39.31  44.14 

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Elevance Stock Analysis

When running Elevance Health's price analysis, check to measure Elevance Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.