Elevance Health Inc (ELV)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 42,568,000 | 9,202,000 | 9,403,000 | 9,079,000 | 8,494,000 | 7,453,000 | 7,686,000 | 7,127,000 | 7,045,000 | 6,530,000 | 6,443,000 | 6,653,000 | 6,292,000 | 7,392,000 | 5,950,000 | 6,950,000 | 7,058,000 | 7,545,000 | 8,602,000 | 6,886,000 |
| Total assets | US$ in thousands | 116,889,000 | 116,533,000 | 112,988,000 | 111,894,000 | 108,928,000 | 110,478,000 | 109,168,000 | 109,040,000 | 102,755,000 | 103,026,000 | 100,877,000 | 100,486,000 | 97,460,000 | 98,060,000 | 96,097,000 | 95,683,000 | 86,615,000 | 86,574,000 | 87,976,000 | 82,399,000 |
| Operating ROA | 36.42% | 7.90% | 8.32% | 8.11% | 7.80% | 6.75% | 7.04% | 6.54% | 6.86% | 6.34% | 6.39% | 6.62% | 6.46% | 7.54% | 6.19% | 7.26% | 8.15% | 8.72% | 9.78% | 8.36% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $42,568,000K ÷ $116,889,000K
= 36.42%
Elevance Health Inc's operating return on assets (operating ROA) has shown fluctuations over the period under review. The operating ROA ranged between 6.19% to 9.78% during the past quarters, indicating some variability in the company's ability to generate operating income from its assets.
The trend saw a general decline in operating ROA from around 9.78% in June 2020 to 6.39% by June 2022. There was a slight uptick in the metric in the following quarters, reaching 8.32% by June 2024.
However, there is a significant outlier in the data, as the operating ROA spiked to 36.42% in December 2024. This anomaly could be due to irregularities in the financial statements, adjustments, or exceptional performance during that period.
In general, a consistently high operating ROA indicates strong operational efficiency and profitability, while a declining trend may suggest challenges in effectively utilizing the company's assets to generate earnings. It would be important to further investigate the reasons behind the fluctuations and the sudden spike to better understand Elevance Health Inc's operational performance.
Peer comparison
Dec 31, 2024