Elevance Health Inc (ELV)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | -67.97% | -68.25% | -68.45% | -69.06% | -69.43% | -69.21% | -69.38% | -68.75% | -68.43% | -27.01% | -26.49% | -22.65% | -21.42% | -25.99% | -23.96% | -27.12% | -26.44% | -31.53% | -30.25% | -28.19% |
| Operating profit margin | 4.96% | 5.13% | 5.51% | 5.51% | 5.40% | 5.36% | 5.38% | 5.37% | 5.40% | 5.16% | 3.91% | 5.08% | 5.22% | 5.83% | 7.24% | 5.73% | 5.76% | 5.64% | 5.55% | 5.83% |
| Pretax margin | 4.50% | 4.68% | 5.05% | 5.03% | 4.98% | 5.22% | 5.28% | 5.59% | 5.72% | 5.33% | 4.27% | 5.07% | 5.12% | 5.73% | 6.93% | 5.61% | 5.74% | 5.42% | 5.36% | 5.55% |
| Net profit margin | 3.49% | 3.63% | 3.89% | 3.88% | 3.86% | 4.03% | 4.08% | 4.31% | 4.40% | 4.12% | 3.27% | 3.78% | 3.75% | 4.22% | 5.24% | 4.38% | 4.61% | 4.29% | 4.21% | 4.23% |
Elevance Health Inc's profitability ratios indicate a consistent trend of high gross profit margins, ranging between 89.84% and 91.97% over the past eight quarters. This suggests the company effectively controls its production costs relative to its sales revenue.
However, the operating profit margins have been more variable, with figures ranging from 4.07% to 5.11%. This indicates fluctuations in the company's operating expenses, impacting its profitability at the operating level.
The pretax margin shows a similar trend, varying between 4.53% and 5.66%. This ratio reflects the company's ability to manage non-operating expenses and income.
Net profit margins have remained relatively stable, fluctuating between 3.52% and 4.37%. This indicates Elevance Health Inc's overall ability to generate profits after accounting for all expenses, including taxes.
Overall, Elevance Health Inc demonstrates strong gross profit margins, but its operating and pretax margins show some variability, potentially highlighting areas for further cost management and efficiency improvements to enhance overall profitability.
Return on investment
| 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 return on assets (Operating ROA) | 7.80% | 7.82% | 8.37% | 8.12% | 8.23% | 7.97% | 7.95% | 7.72% | 7.68% | 7.04% | 5.25% | 6.61% | 7.34% | 7.92% | 9.30% | 7.59% | 7.75% | 7.26% | 7.08% | 7.38% |
| Return on assets (ROA) | 5.50% | 5.55% | 5.90% | 5.72% | 5.88% | 6.00% | 6.04% | 6.20% | 6.26% | 5.63% | 4.40% | 4.93% | 5.28% | 5.72% | 6.72% | 5.80% | 6.21% | 5.52% | 5.37% | 5.35% |
| Return on total capital | 13.97% | 14.23% | 14.79% | 14.35% | 14.75% | 15.39% | 15.24% | 15.90% | 15.25% | 13.76% | 11.03% | 12.60% | 13.37% | 14.16% | 15.82% | 13.57% | 13.59% | 12.31% | 12.30% | 12.64% |
| Return on equity (ROE) | 15.23% | 15.95% | 16.86% | 16.71% | 16.67% | 17.15% | 17.00% | 17.31% | 16.91% | 15.41% | 12.10% | 13.92% | 13.77% | 14.61% | 17.17% | 15.08% | 15.15% | 13.71% | 13.23% | 13.30% |
Elevance Health Inc's profitability ratios show a consistent trend of performance over the past eight quarters.
1. Operating return on assets (Operating ROA) has remained relatively stable, ranging from 6.35% to 7.43%. This ratio indicates that the company is generating operating income efficiently relative to its total assets.
2. Return on assets (ROA) has also shown consistency, hovering around 5.50% to 6.21%. This ratio reflects the company's ability to generate profit from its assets, with a slight decrease in Q3 and Q4 of 2023 compared to the previous quarters.
3. Return on total capital has fluctuated between 13.57% to 15.03%, suggesting that the company is effectively utilizing its total capital to generate returns and create value for its stakeholders.
4. Return on equity (ROE) has shown a similar pattern to return on total capital, ranging from 15.23% to 17.36%. This ratio indicates how efficiently the company is utilizing its shareholders' equity to generate profit.
Overall, Elevance Health Inc's profitability ratios demonstrate a consistent performance in generating returns relative to its assets, capital, and equity, although there have been minor fluctuations over the past few quarters.