IQVIA Holdings Inc (IQV)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,977,000 | 1,799,000 | 1,393,000 | 731,000 | 777,000 |
| Total assets | US$ in thousands | 26,681,000 | 25,337,000 | 24,689,000 | 24,564,000 | 23,251,000 |
| Operating ROA | 7.41% | 7.10% | 5.64% | 2.98% | 3.34% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,977,000K ÷ $26,681,000K
= 7.41%
IQVIA Holdings Inc's operating return on assets (operating ROA) has exhibited a positive trend over the past five years, indicating improved efficiency in generating profits from its assets. The operating ROA increased from 3.66% in 2019 to 7.72% in 2023, showcasing a consistent growth trajectory. This improvement suggests that the company has been able to enhance its operational performance and effectively utilize its assets to generate higher operating profits.
The steady increase in operating ROA over the years reflects positively on IQVIA Holdings Inc's ability to efficiently utilize its assets to drive profitability. This trend may signify effective management of resources and operational efficiency within the company. Overall, the rising trend in operating ROA demonstrates the company's capacity to generate greater returns from its assets, which can be indicative of strong financial health and performance.
Peer comparison
Dec 31, 2023