Cardinal Health Inc (CAH)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,250,000 | 979,000 | 1,214,000 | 590,000 | 759,000 | 658,000 | -43,000 | -874,000 | -596,000 | -470,000 | 100,000 | 1,511,000 | 472,000 | 580,000 | 669,000 | 542,000 | -4,098,000 | -4,060,000 | -4,190,000 | -4,020,000 |
| Total assets | US$ in thousands | 45,121,000 | 45,880,000 | 46,573,000 | 43,710,000 | 43,349,000 | 43,377,000 | 44,482,000 | 43,387,000 | 43,878,000 | 42,111,000 | 43,680,000 | 42,993,000 | 44,453,000 | 43,874,000 | 44,719,000 | 41,727,000 | 40,766,000 | 41,148,000 | 41,042,000 | 39,179,000 |
| Operating ROA | 2.77% | 2.13% | 2.61% | 1.35% | 1.75% | 1.52% | -0.10% | -2.01% | -1.36% | -1.12% | 0.23% | 3.51% | 1.06% | 1.32% | 1.50% | 1.30% | -10.05% | -9.87% | -10.21% | -10.26% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,250,000K ÷ $45,121,000K
= 2.77%
The operating return on assets (operating ROA) of Cardinal Health Inc has shown fluctuating trends over the past several quarters. From December 2019 to March 2020, the operating ROA was consistently negative, indicating the company's operating profits were insufficient to cover its asset base during that period.
However, there has been an improvement in the operating ROA since June 2020, with positive figures recorded in most quarters thereafter. This positive trend suggests that the company has been able to generate stronger operating profits relative to its asset base, demonstrating improved operational efficiency and profitability.
The peak in operating ROA occurred in September 2021, at 3.51%, indicating a period of particularly strong performance in generating operating profits from its assets. Although there have been fluctuations in the operating ROA since then, the figures have generally remained positive, with the latest data for June 2024 showing an operating ROA of 2.77%.
Overall, the analysis of Cardinal Health Inc's operating ROA indicates that the company has made significant progress in enhancing its operational efficiency and profitability, as demonstrated by the positive and improving trend in operating ROA figures over the recent quarters.
Peer comparison
Jun 30, 2024