CVS Health Corp (CVS)
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 | 8,344,000 | 8,470,000 | 2,803,000 | 3,931,000 | 4,149,000 | 3,283,000 | 8,287,000 | 8,041,000 | 7,910,000 | 7,577,000 | 7,203,000 | 7,395,000 | 7,179,000 | 7,953,000 | 8,259,000 | 7,220,000 | 6,634,000 | 4,468,000 | 4,328,000 | -171,000 |
| Total assets | US$ in thousands | 249,728,000 | 251,306,000 | 250,071,000 | 239,330,000 | 228,275,000 | 231,212,000 | 230,279,000 | 232,873,000 | 232,999,000 | 234,891,000 | 231,164,000 | 229,606,000 | 230,715,000 | 232,898,000 | 235,495,000 | 230,639,000 | 222,449,000 | 220,113,000 | 218,904,000 | 219,768,000 |
| ROA | 3.34% | 3.37% | 1.12% | 1.64% | 1.82% | 1.42% | 3.60% | 3.45% | 3.39% | 3.23% | 3.12% | 3.22% | 3.11% | 3.41% | 3.51% | 3.13% | 2.98% | 2.03% | 1.98% | -0.08% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $8,344,000K ÷ $249,728,000K
= 3.34%
CVS Health Corp's return on assets (ROA) has been fluctuating over the past eight quarters, ranging from a low of 1.17% in Q2 2023 to a high of 3.55% in Q2 2022. The ROA indicates the company's efficiency in utilizing its assets to generate profits, with higher percentages suggesting better performance.
In the latest quarter, Q4 2023, the ROA stands at 3.34%, showing a moderate decrease compared to the previous quarter's 3.42%. However, it remains relatively strong compared to the levels seen earlier in the year.
Overall, CVS Health Corp's ROA has exhibited some volatility but has generally been on an upward trend over the past quarters, reflecting improvements in asset management efficiency and profitability. This indicates that the company has been effectively leveraging its assets to generate earnings.
Peer comparison
Dec 31, 2023