Humana Inc (HUM)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,489,000	2,806,000	2,933,000	3,367,000	2,707,000
Total assets	US$ in thousands	47,065,000	43,055,000	44,358,000	34,969,000	29,074,000
ROA		5.29%	6.52%	6.61%	9.63%	9.31%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $2,489,000K ÷ $47,065,000K
= 5.29%

Humana Inc.'s return on assets (ROA) has shown a decreasing trend over the past five years. The ROA decreased from 9.31% in 2019 to 5.29% in 2023. This decline may indicate that the company's ability to generate profits from its assets has weakened. The comparatively lower ROA in 2023 could suggest potential inefficiencies in asset utilization or lower profitability relative to the size of its asset base. Further investigation into the company's financial performance and operational efficiency may be warranted to understand the factors contributing to the declining ROA trend.