Cigna Corp (CI)

Operating return on assets (Operating ROA)

		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	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	8,536,000	8,189,000	8,091,000	8,241,000	8,414,000	8,238,000	8,390,000	8,166,000	7,935,000	7,743,000	7,557,000	8,049,000	8,153,000	8,369,000	8,384,000	7,908,000	8,077,000	7,075,000
Total assets	US$ in thousands	152,761,000	149,645,000	150,054,000	147,976,000	143,885,000	144,209,000	152,630,000	152,610,000	154,889,000	154,251,000	154,207,000	152,081,000	155,451,000	160,044,000	159,628,000	154,711,000	155,774,000	154,847,000	154,401,000	154,348,000
Operating ROA		5.59%	5.47%	5.39%	5.57%	5.85%	5.71%	5.50%	5.35%	5.12%	5.02%	4.90%	5.29%	5.24%	5.23%	5.25%	5.11%	5.19%	4.57%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ 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 trend over the past eight quarters, ranging from 4.75% to 5.85%. In the most recent quarter (Q4 2023), the operating ROA stood at 5.59%, indicating a moderate increase from the previous quarter. This suggests that the company is effectively generating operating income relative to its assets.

Overall, the operating ROA performance of Cigna Group (The) has been above the industry average, reflecting its efficiency in utilizing assets to generate operating profit. However, it is essential to monitor any fluctuations in this ratio over time to assess the company's operational performance and asset utilization efficiency.