Elevance Health Inc (ELV)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,980,000 | 5,987,000 | 5,894,000 | 6,104,000 | 4,572,000 |
| Total assets | US$ in thousands | 116,889,000 | 108,928,000 | 102,755,000 | 97,460,000 | 86,615,000 |
| ROA | 5.12% | 5.50% | 5.74% | 6.26% | 5.28% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $5,980,000K ÷ $116,889,000K
= 5.12%
Based on the provided data, Elevance Health Inc's return on assets (ROA) has shown a consistent trend over the past five years. The ROA increased from 5.28% as of December 31, 2020, to its highest point of 6.26% as of December 31, 2021. However, in the subsequent years, the ROA slightly decreased to 5.74% as of December 31, 2022, followed by a further decrease to 5.50% as of December 31, 2023, and a decline to 5.12% as of December 31, 2024.
Overall, Elevance Health Inc's ROA indicates the company's ability to generate profits relative to its assets, with fluctuations observed over the years. It is essential for the company to analyze the factors contributing to these changes in ROA to ensure sustainable profitability and efficient utilization of assets.
Peer comparison
Dec 31, 2024