IQVIA Holdings Inc (IQV)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,373,000 | 1,358,000 | 1,091,000 | 966,000 | 279,000 |
| Total assets | US$ in thousands | 26,899,000 | 26,681,000 | 25,337,000 | 24,689,000 | 24,564,000 |
| ROA | 5.10% | 5.09% | 4.31% | 3.91% | 1.14% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,373,000K ÷ $26,899,000K
= 5.10%
Based on the provided data, IQVIA Holdings Inc's return on assets (ROA) has been steadily increasing over the past five years. The ROA was 1.14% as of December 31, 2020, and has shown consistent growth, reaching 5.10% as of December 31, 2024. This upward trend indicates that the company has been effectively utilizing its assets to generate profits.
The improving ROA signifies that IQVIA Holdings Inc is becoming more efficient in generating earnings relative to its total assets. A higher ROA indicates better asset utilization and efficiency in generating profits, which is a positive sign for investors and stakeholders.
Overall, the increasing ROA trend suggests that IQVIA Holdings Inc has been making strategic decisions to enhance its operational efficiency and profitability, which can lead to increased shareholder value and sustainable growth in the future.
Peer comparison
Dec 31, 2024