94% after 119 cycles is fine. Charge cycles are only a part of battery aging. Other factors include age, patterns of use and environmental factors like heat and cold.
If you continue to get respectable usage time on battery then all is good. Apple considers a health of 80% to be the replacement threshold. All batteries will die. Some faster than others. The battery health drop rate may not be linear, and may even increase slightly from time to time.
The best advice for getting the most from your battery:
• Plug in when using the computer near available power.
• Use on battery when ac is unavailable.
• Don’t subject the computer and battery to extreme temperatures.
• Let the OS and charging circuits manage the charging.
• Try not to allow the battery to discharge deeply regularly before plugging in. Yes, it may happen from time to time, just don't make it a habit.
• Don't obsess over battery life and/or health.
Here is Apple's guidance on the subject.
Batteries - Maximizing Performance - Apple Support
About battery health management in Mac laptops - Apple Support
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