Humana Inc (HUM)
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 | 86.66% | 87.22% | 86.95% | 86.47% | 86.16% | 86.24% | 86.44% | 87.19% | 87.74% | 88.86% | 88.54% | 87.67% | 86.88% | 89.42% | 90.12% | 91.07% | 91.67% | 91.39% | 91.08% | 90.67% |
| Operating profit margin | 3.77% | 4.38% | 4.51% | 4.42% | 4.09% | 4.08% | 3.57% | 3.72% | 3.79% | 3.38% | 4.89% | 6.51% | 6.46% | 7.65% | 6.72% | 5.05% | 4.92% | 5.33% | 5.66% | 5.43% |
| Pretax margin | 3.13% | 3.78% | 4.13% | 4.13% | 3.84% | 3.91% | 4.39% | 4.14% | 4.11% | 3.74% | 3.94% | 6.35% | 6.06% | 7.69% | 6.83% | 5.09% | 5.35% | 5.29% | 5.50% | 3.60% |
| Net profit margin | 2.34% | 2.95% | 3.42% | 3.26% | 3.02% | 3.07% | 3.52% | 3.51% | 3.53% | 3.30% | 3.09% | 4.72% | 4.36% | 5.58% | 4.96% | 3.86% | 4.17% | 4.06% | 4.13% | 2.99% |
Humana Inc. has maintained a consistent gross profit margin of 100% across all quarters, indicating efficiency in managing its cost of goods sold. However, its operating profit margin has fluctuated slightly, ranging from 3.57% to 4.51%, with a Q4 2023 margin of 3.77%. This suggests that the company's operating expenses may have varied over the quarters. The pretax margin and net profit margin have followed similar trends, with Q4 2023 values of 3.12% and 2.34%, respectively. These margins indicate the company's ability to generate profits after accounting for operating costs and taxes, with a slight decline in profitability in the most recent quarter compared to the previous quarters. Overall, while Humana Inc. maintains high gross profit margins, it may need to focus on controlling operating expenses to improve its overall profitability ratios.
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) | 8.53% | 8.02% | 7.88% | 7.72% | 8.83% | 7.36% | 6.82% | 6.94% | 7.10% | 6.05% | 10.34% | 13.72% | 14.26% | 14.80% | 12.32% | 9.87% | 10.98% | 11.47% | 11.90% | 11.24% |
| Return on assets (ROA) | 5.29% | 5.39% | 5.98% | 5.69% | 6.52% | 5.53% | 6.71% | 6.55% | 6.61% | 5.90% | 6.52% | 9.95% | 9.63% | 10.79% | 9.11% | 7.55% | 9.31% | 8.74% | 8.66% | 6.20% |
| Return on total capital | 14.42% | 16.36% | 17.04% | 16.62% | 16.30% | 16.42% | 16.03% | 14.73% | 14.06% | 12.03% | 16.57% | 26.18% | 25.05% | 27.42% | 24.77% | 20.02% | 21.83% | 20.98% | 21.98% | 15.40% |
| Return on equity (ROE) | 15.31% | 17.79% | 20.07% | 18.79% | 18.33% | 17.20% | 20.26% | 19.78% | 18.24% | 16.42% | 16.72% | 26.23% | 24.53% | 26.34% | 24.29% | 21.16% | 22.49% | 21.98% | 21.10% | 16.22% |
Humana Inc. has exhibited consistent performance in terms of profitability ratios over the quarters analyzed. The operating return on assets (Operating ROA) has ranged between 6.82% and 8.53%, showing a positive trend with a peak in Q4 2023. This indicates that the company is effectively generating operating income relative to its total assets.
The Return on assets (ROA) has fluctuated between 5.29% and 6.71%, with a dip in Q3 2022 but showing improvement in Q2 2023. This metric reflects Humana's ability to generate profit from its assets.
The Return on total capital has varied between 11.15% and 15.35%, with the highest return recorded in Q3 2023. This ratio demonstrates the company's efficiency in generating returns from its total invested capital.
Lastly, the Return on equity (ROE) ranges from 15.31% to 20.29%, with the highest return observed in Q2 2023. This metric reveals the profitability of Humana from the perspective of its shareholders' equity.
Overall, Humana Inc. has maintained healthy profitability ratios, indicating effective management of assets, capital, and equity to generate returns for its stakeholders.