Cigna Corp (CI)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,164,000 | 6,668,000 | 5,365,000 | 8,458,000 | 5,104,000 |
| Total assets | US$ in thousands | 152,761,000 | 143,885,000 | 154,889,000 | 155,451,000 | 155,774,000 |
| ROA | 3.38% | 4.63% | 3.46% | 5.44% | 3.28% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $5,164,000K ÷ $152,761,000K
= 3.38%
Cigna Group (The) has demonstrated a fluctuating trend in its return on assets (ROA) ratio over the past five years. The ROA declined from 5.44% in 2020 to 3.28% in 2019, before showing an increase to 3.46% in 2021. However, in 2022, there was a noticeable improvement in ROA to 4.63%, which then decreased to 3.38% in 2023.
This fluctuation in ROA indicates that Cigna Group's efficiency in generating profits from its assets has varied over the years. While an ROA above 3% suggests that the company is effectively utilizing its assets to generate income, the decreasing trend in recent years may warrant further analysis into the factors influencing this performance.
It is essential for investors and stakeholders to monitor Cigna Group's ROA closely, as it provides insights into the company's profitability and overall asset management efficiency. Additional analysis of the company's financial statements and performance drivers can help to better understand the reasons behind the fluctuations in ROA observed over the years.
Peer comparison
Dec 31, 2023