Elevance Health Inc (ELV)
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 | 5,987,000 | 6,127,000 | 6,441,000 | 6,241,000 | 6,041,000 | 6,182,000 | 6,088,000 | 6,228,000 | 6,104,000 | 5,518,000 | 4,231,000 | 4,714,000 | 4,572,000 | 4,955,000 | 5,916,000 | 4,779,000 | 4,807,000 | 4,297,000 | 4,074,000 | 3,989,000 |
| Total assets | US$ in thousands | 108,928,000 | 110,478,000 | 109,168,000 | 109,040,000 | 102,755,000 | 103,026,000 | 100,877,000 | 100,486,000 | 97,456,000 | 98,060,000 | 96,097,000 | 95,683,000 | 86,615,000 | 86,574,000 | 87,976,000 | 82,399,000 | 77,453,000 | 77,809,000 | 75,851,000 | 74,523,000 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $5,987,000K ÷ $108,928,000K
= 5.50%
Based on the data provided, Elevance Health Inc's return on assets (ROA) has shown consistency in the range of 5.50% to 6.21% over the past eight quarters. The company's ROA has fluctuated slightly within this range, with Q1 2022 and Q2 2022 reflecting the highest ROA figures at 6.21% and 6.05%, respectively. Despite minor variations, the ROA trend indicates that Elevance Health Inc has been effectively utilizing its assets to generate profits. This stable performance can be attributed to the company's efficient asset management and operational effectiveness. Continued monitoring of ROA will be essential to track the company's ability to generate earnings relative to its asset base.
Peer comparison
Dec 31, 2023