Stock Analysis on Net

HCA Healthcare Inc. (NYSE:HCA)

This company has been moved to the archive! The financial data has not been updated since May 3, 2022.

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

HCA Healthcare Inc., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net fixed asset turnover 2.44 2.22 2.26 2.36 2.44
Net fixed asset turnover (including operating lease, right-of-use asset) 2.24 2.04 2.09 2.36 2.44
Total asset turnover 1.16 1.09 1.14 1.19 1.19
Equity turnover 90.09

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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. HCA Healthcare Inc. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). HCA Healthcare Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. HCA Healthcare Inc. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Net Fixed Asset Turnover

HCA Healthcare Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Revenues 58,752 51,533 51,336 46,677 43,614
Property and equipment, net 24,063 23,199 22,715 19,757 17,895
Long-term Activity Ratio
Net fixed asset turnover1 2.44 2.22 2.26 2.36 2.44
Benchmarks
Net Fixed Asset Turnover, Competitors2
Abbott Laboratories 4.81 3.83 3.97
Cigna Group 46.73 37.85 34.45
CVS Health Corp. 22.56 21.25 21.24
Elevance Health Inc. 34.94 34.69 32.92
Humana Inc. 26.97 32.05 32.93
Intuitive Surgical Inc. 3.04 2.76 3.52
Medtronic PLC 5.77 5.99 6.54
UnitedHealth Group Inc. 31.81 29.64 27.60
Net Fixed Asset Turnover, Sector
Health Care Equipment & Services 21.55 20.28 19.95
Net Fixed Asset Turnover, Industry
Health Care 10.44 9.62 9.73

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).

1 2021 Calculation
Net fixed asset turnover = Revenues ÷ Property and equipment, net
= 58,752 ÷ 24,063 = 2.44

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. HCA Healthcare Inc. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

HCA Healthcare Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Revenues 58,752 51,533 51,336 46,677 43,614
 
Property and equipment, net 24,063 23,199 22,715 19,757 17,895
Right-of-use operating lease assets 2,113 2,024 1,834
Property and equipment, net (including operating lease, right-of-use asset) 26,176 25,223 24,549 19,757 17,895
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 2.24 2.04 2.09 2.36 2.44
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Abbott Laboratories 4.26 3.42 3.56
Cigna Group 41.37 33.46 30.72
CVS Health Corp. 9.09 8.04 7.77
Elevance Health Inc. 30.12 29.26 27.82
Humana Inc. 22.09 27.07 27.22
Intuitive Surgical Inc. 2.93 2.66 3.32
Medtronic PLC 4.84 5.02 6.54
UnitedHealth Group Inc. 21.54 19.55 18.97
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Health Care Equipment & Services 13.78 12.53 12.33
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Health Care 8.28 7.55 7.63

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).

1 2021 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 58,752 ÷ 26,176 = 2.24

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). HCA Healthcare Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Total Asset Turnover

HCA Healthcare Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Revenues 58,752 51,533 51,336 46,677 43,614
Total assets 50,742 47,490 45,058 39,207 36,593
Long-term Activity Ratio
Total asset turnover1 1.16 1.09 1.14 1.19 1.19
Benchmarks
Total Asset Turnover, Competitors2
Abbott Laboratories 0.57 0.48 0.47
Cigna Group 1.11 1.02 0.98
CVS Health Corp. 1.25 1.16 1.15
Elevance Health Inc. 1.41 1.39 1.33
Humana Inc. 1.87 2.17 2.21
Intuitive Surgical Inc. 0.42 0.39 0.46
Medtronic PLC 0.32 0.32 0.34
UnitedHealth Group Inc. 1.34 1.30 1.38
Total Asset Turnover, Sector
Health Care Equipment & Services 1.13 1.08 1.07
Total Asset Turnover, Industry
Health Care 0.76 0.70 0.71

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).

1 2021 Calculation
Total asset turnover = Revenues ÷ Total assets
= 58,752 ÷ 50,742 = 1.16

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. HCA Healthcare Inc. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Equity Turnover

HCA Healthcare Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Revenues 58,752 51,533 51,336 46,677 43,614
Stockholders’ equity (deficit) attributable to HCA Healthcare, Inc. (933) 572 (2,808) (4,950) (6,806)
Long-term Activity Ratio
Equity turnover1 90.09
Benchmarks
Equity Turnover, Competitors2
Abbott Laboratories 1.20 1.06 1.03
Cigna Group 3.66 3.16 3.36
CVS Health Corp. 3.87 3.86 4.00
Elevance Health Inc. 3.80 3.64 3.25
Humana Inc. 5.15 5.54 5.35
Intuitive Surgical Inc. 0.48 0.45 0.54
Medtronic PLC 0.59 0.57 0.61
UnitedHealth Group Inc. 3.98 3.90 4.17
Equity Turnover, Sector
Health Care Equipment & Services 3.03 2.91 2.94
Equity Turnover, Industry
Health Care 2.10 2.07 2.07

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).

1 2021 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity (deficit) attributable to HCA Healthcare, Inc.
= 58,752 ÷ -933 =

2 Click competitor name to see calculations.