Cardinal Health Inc (CAH)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,565,000 | 2,255,000 | 1,894,000 | 1,850,000 | 1,268,000 | 997,000 | 1,200,000 | 1,103,000 | 1,461,000 | 1,657,000 | 1,548,000 | 190,000 | 261,000 | 90,000 | 100,000 | 1,511,000 | 472,000 | 580,000 | 669,000 | 542,000 |
| Total assets | US$ in thousands | 53,122,000 | 49,871,000 | 47,002,000 | 43,059,000 | 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 |
| Operating ROA | 4.83% | 4.52% | 4.03% | 4.30% | 2.81% | 2.17% | 2.58% | 2.52% | 3.37% | 3.82% | 3.48% | 0.44% | 0.59% | 0.21% | 0.23% | 3.51% | 1.06% | 1.32% | 1.50% | 1.30% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,565,000K ÷ $53,122,000K
= 4.83%
The operating return on assets (ROA) of Cardinal Health Inc. over the period covered exhibits notable fluctuations, reflecting shifts in the company's operational efficiency and profitability relative to its assets. From September 30, 2020, to March 31, 2021, there was a modest increase from 1.30% to 1.32%, followed by a decline to 1.06% at June 30, 2021. A significant upward movement occurred by September 30, 2021, reaching 3.51%, which represents a substantial improvement in operating efficiency. However, this peak was short-lived, as the ROA sharply declined to 0.23% by December 31, 2021, and further to 0.21% by March 31, 2022.
Subsequently, the metric showed some recovery, ascending to 0.59% at June 30, 2022, and slightly declining to 0.44% at September 30, 2022. A pronounced resurgence is observed from December 31, 2022, onward, with ROA rising to 3.48%, and continuing an upward trend to 3.82% at March 31, 2023. This upward trajectory persisted into the second quarter of 2023, where ROA was recorded at 3.37%, before decreasing to 2.52% at September 30, 2023.
Looking further, a gradual increase resumes, with ROA reaching 2.58% by December 31, 2023, and then declining slightly to 2.17% at March 31, 2024. The trend shows a recovery into 2024, with an increase to 2.81% at June 30, 2024, and a more substantial rise to 4.30% at September 30, 2024. The upward movement continues into 2025, with ROA climbing to 4.03% at December 31, 2024, and further to 4.52% at March 31, 2025, culminating in 4.83% at June 30, 2025.
Overall, the data reflects periods of volatility with sharp improvements and declines, likely attributable to operational, strategic, or macroeconomic factors impacting the company's efficiency and profitability. The recent trend indicates a general trajectory of rising operating ROA, suggesting an enhancement in the company's ability to generate operating income relative to its asset base in the most recent periods.
Peer comparison
Jun 30, 2025