Humana Inc (HUM)
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 | 2,489,000 | 3,015,000 | 3,378,000 | 3,115,000 | 2,806,000 | 2,807,000 | 3,143,000 | 3,035,000 | 2,933,000 | 2,673,000 | 2,482,000 | 3,722,000 | 3,367,000 | 4,153,000 | 3,502,000 | 2,614,000 | 2,707,000 | 2,550,000 | 2,505,000 | 1,758,000 |
| Total assets | US$ in thousands | 47,065,000 | 55,905,000 | 56,455,000 | 54,776,000 | 43,055,000 | 50,765,000 | 46,820,000 | 46,308,000 | 44,358,000 | 45,320,000 | 38,070,000 | 37,415,000 | 34,969,000 | 38,477,000 | 38,455,000 | 34,633,000 | 29,074,000 | 29,180,000 | 28,913,000 | 28,349,000 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,489,000K ÷ $47,065,000K
= 5.29%
The return on assets (ROA) for Humana Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the ROA was 5.29%, followed by a slight increase to 5.39% in Q3 2023. The ROA then peaked at 5.98% in Q2 2023 before declining to 5.69% in Q1 2023. Compared to a year ago, the ROA has decreased from 6.52% in Q4 2022 to the lowest level of 5.29% in Q4 2023. Despite the fluctuations, Humana Inc. has generally maintained a ROA above 5% over the period analyzed, indicating the company's ability to generate earnings relative to its total assets. Further analysis would be necessary to understand the factors driving the changes in Humana Inc.'s ROA and evaluate the company's overall profitability and asset utilization.
Peer comparison
Dec 31, 2023