Cigna Corp (CI)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 8,536,000 | 8,450,000 | 7,935,000 | 8,153,000 | 8,077,000 |
| Total assets | US$ in thousands | 152,761,000 | 143,885,000 | 154,889,000 | 155,451,000 | 155,774,000 |
| Operating ROA | 5.59% | 5.87% | 5.12% | 5.24% | 5.19% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $8,536,000K ÷ $152,761,000K
= 5.59%
The operating return on assets (operating ROA) for Cigna Group (The) has shown a relatively stable performance over the past five years. Despite some fluctuations, the operating ROA has ranged from 5.12% to 5.85% during this period.
In 2023, the operating ROA decreased slightly to 5.59% from 5.85% in 2022. This decline may indicate some challenges in generating operating income relative to the total assets employed by the company.
Overall, Cigna Group (The) has maintained a reasonable operating ROA level, suggesting a moderate ability to generate operating profits from its asset base. The company's consistent performance in this metric indicates efficient management of its assets to generate operating returns.
Peer comparison
Dec 31, 2023