Cigna Corp (CI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,631,000 | 5,304,000 | 6,653,000 | 6,752,000 | 6,668,000 | 5,163,000 | 4,027,000 | 3,935,000 | 3,913,000 | 8,384,000 | 8,151,000 | 8,438,000 | 8,458,000 | 5,584,000 | 5,547,000 | 5,201,000 | 5,388,000 | 4,355,000 | ||
| 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 |
| ROA | 2.38% | 3.54% | 4.43% | 4.56% | 4.63% | 3.58% | 2.64% | 2.58% | 2.53% | 5.44% | 5.29% | 5.55% | 5.44% | 3.49% | 3.47% | 3.36% | 3.46% | 2.81% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,631,000K ÷ $152,761,000K
= 2.38%
The return on assets (ROA) for Cigna Group (The) has shown some fluctuations over the past eight quarters. ROA was at its highest in Q4 2022 at 4.63% and has since slightly declined to 3.38% in Q4 2023. Despite this decrease, the ROA has remained relatively stable overall, fluctuating within the range of 3.38% to 4.63%.
Overall, Cigna Group (The) has been able to generate a respectable return on its assets over the past two years, showcasing its ability to efficiently utilize its assets to generate profits. However, there may be some room for improvement given the recent decline in ROA figures. It would be important for the company to closely monitor its asset efficiency to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023