Cardinal Health Inc (CAH)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 853,000 | 553,000 | 657,000 | 159,000 | 281,000 | 483,000 | -1,273,000 | -1,094,000 | -933,000 | -955,000 | 555,000 | 1,135,000 | 611,000 | 1,151,000 | 1,382,000 | 973,000 | -3,696,000 | -4,158,000 | -4,212,000 | -4,152,000 |
| 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 |
| ROA | 1.89% | 1.21% | 1.41% | 0.36% | 0.65% | 1.11% | -2.86% | -2.52% | -2.13% | -2.27% | 1.27% | 2.64% | 1.37% | 2.62% | 3.09% | 2.33% | -9.07% | -10.10% | -10.26% | -10.60% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $853,000K ÷ $45,121,000K
= 1.89%
The return on assets (ROA) for Cardinal Health Inc has fluctuated over the past several quarters, indicating varying levels of efficiency in generating profits from its assets. From Dec 2019 to Mar 2020, the company experienced negative ROA, reaching the lowest point at -10.60%. However, there was a steady improvement in ROA from Mar 2020 to Mar 2022, where it ranged from -2.27% to 3.09%. This trend demonstrates management's efforts to enhance asset utilization and profitability.
Despite the positive trend, the ROA declined in the most recent quarter, Jun 2024, to 1.89%, from 2.62% in Mar 2024. This decrease could be a result of various factors such as changes in operating efficiency, asset base, or overall economic conditions. It will be important to monitor future quarters to assess whether this decline is a temporary fluctuation or a longer-term trend.
In conclusion, Cardinal Health Inc's ROA has shown improvement in recent quarters, indicating better asset utilization and profitability. However, the recent decline in ROA underscores the need for continuous monitoring and potential strategic adjustments to sustain and enhance financial performance.
Peer comparison
Jun 30, 2024