Total Asset Turnover
since 2011
Calculation
HCA Healthcare Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 1.16 | = | 58,752) | ÷ | 50,742) |
| Dec 31, 2020 | 1.09 | = | 51,533) | ÷ | 47,490) |
| Dec 31, 2019 | 1.14 | = | 51,336) | ÷ | 45,058) |
| Dec 31, 2018 | 1.19 | = | 46,677) | ÷ | 39,207) |
| Dec 31, 2017 | 1.19 | = | 43,614) | ÷ | 36,593) |
| Dec 31, 2016 | 1.23 | = | 41,490) | ÷ | 33,758) |
| Dec 31, 2015 | 1.21 | = | 39,678) | ÷ | 32,744) |
| Dec 31, 2014 | 1.18 | = | 36,918) | ÷ | 31,199) |
| Dec 31, 2013 | 1.19 | = | 34,182) | ÷ | 28,831) |
| Dec 31, 2012 | 1.18 | = | 33,013) | ÷ | 28,075) |
| Dec 31, 2011 | 1.10 | = | 29,682) | ÷ | 26,898) |
Based on: 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).
1 US$ in millions
The financial data indicates a consistent upward trend in revenues over the observed period. Starting from approximately 29.7 billion US dollars in 2011, revenues increased steadily year-over-year, reaching around 58.8 billion US dollars by the end of 2021. This demonstrates sustained growth and expansion in operations or market reach.
Total assets also show a gradual increase through the years. The asset base grew from about 26.9 billion US dollars in 2011 to approximately 50.7 billion US dollars in 2021. This growth in total assets reflects ongoing investments in assets, possibly including acquisitions, infrastructure, or other capital expenditures essential for expanding capacity.
Regarding the efficiency of asset usage, the total asset turnover ratio demonstrates some variation but remains relatively stable across the period. The ratio started at 1.1 in 2011, peaked slightly around 1.23 in 2016, and then experienced a mild decline in the following years, reaching 1.09 in 2020 before recovering somewhat to 1.16 in 2021. This trend suggests that while the company generally managed to generate more than one dollar of revenues per dollar of assets annually, asset utilization efficiency has fluctuated moderately, potentially influenced by the pace of asset growth relative to revenues.
Overall, the data points to steady revenue growth accompanied by an expanding asset base and relatively stable asset turnover ratios, indicating effective management of assets in generating revenues throughout the period.
Comparison to Competitors
HCA Healthcare Inc., total asset turnover, long-term trends, comparison to competitors
| HCA Healthcare Inc. | Abbott Laboratories | CVS Health Corp. | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 1.16 | 0.57 | 1.25 | 1.41 | 0.42 | 0.32 | 1.34 |
| Dec 31, 2020 | 1.09 | 0.48 | 1.16 | 1.39 | 0.39 | 0.32 | 1.30 |
| Dec 31, 2019 | 1.14 | 0.47 | 1.15 | 1.33 | 0.46 | 0.34 | 1.38 |
| Dec 31, 2018 | 1.19 | 0.46 | 0.99 | 1.28 | 0.47 | 0.33 | 1.48 |
| Dec 31, 2017 | 1.19 | 0.36 | 1.94 | 1.26 | 0.54 | 0.30 | 1.44 |
| Dec 31, 2016 | 1.23 | 0.40 | 1.88 | 1.29 | 0.42 | 0.29 | 1.50 |
| Dec 31, 2015 | 1.21 | 0.49 | 1.64 | 1.27 | 0.49 | 0.19 | 1.40 |
| Dec 31, 2014 | 1.18 | 0.49 | 1.88 | 1.18 | 0.54 | 0.45 | 1.50 |
| Dec 31, 2013 | 1.19 | 0.51 | 1.77 | 1.18 | 0.57 | 0.48 | 1.49 |
| Dec 31, 2012 | 1.18 | 0.59 | 1.87 | 1.03 | 0.54 | 0.49 | 1.36 |
| Dec 31, 2011 | 1.10 | 0.64 | 1.66 | 1.15 | 0.57 | 0.52 | 1.49 |
Based on: 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).
Comparison to Sector (Health Care Equipment & Services)
HCA Healthcare Inc., total asset turnover, long-term trends, comparison to sector (health care equipment & services)
| HCA Healthcare Inc. | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2021 | 1.16 | 1.09 |
| Dec 31, 2020 | 1.09 | 1.03 |
| Dec 31, 2019 | 1.14 | 1.04 |
| Dec 31, 2018 | 1.19 | 0.98 |
| Dec 31, 2017 | 1.19 | 1.10 |
| Dec 31, 2016 | 1.23 | 1.13 |
| Dec 31, 2015 | 1.21 | 1.03 |
| Dec 31, 2014 | 1.18 | 1.25 |
| Dec 31, 2013 | 1.19 | 1.22 |
| Dec 31, 2012 | 1.18 | 1.14 |
| Dec 31, 2011 | 1.10 | 1.17 |
Based on: 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).
Comparison to Industry (Health Care)
HCA Healthcare Inc., total asset turnover, long-term trends, comparison to industry (health care)
| HCA Healthcare Inc. | Health Care | |
|---|---|---|
| Dec 31, 2021 | 1.16 | 0.70 |
| Dec 31, 2020 | 1.09 | 0.64 |
| Dec 31, 2019 | 1.14 | 0.65 |
| Dec 31, 2018 | 1.19 | 0.68 |
| Dec 31, 2017 | 1.19 | 0.66 |
| Dec 31, 2016 | 1.23 | 0.67 |
| Dec 31, 2015 | 1.21 | 0.64 |
| Dec 31, 2014 | 1.18 | 0.69 |
| Dec 31, 2013 | 1.19 | 0.67 |
| Dec 31, 2012 | 1.18 | 0.67 |
| Dec 31, 2011 | 1.10 | 0.69 |
Based on: 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).