IQVIA Holdings Inc (IQV)

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	1,358,000	1,116,000	1,096,000	1,055,000	1,091,000	1,182,000	1,160,000	1,079,000	966,000	767,000	607,000	409,000	279,000	176,000	132,000	215,000	191,000	244,000	247,000	248,000
Total assets	US$ in thousands	26,681,000	25,977,000	26,036,000	25,739,000	25,337,000	24,223,000	24,413,000	24,969,000	24,689,000	24,033,000	23,937,000	24,467,000	24,564,000	23,837,000	23,183,000	23,078,000	23,251,000	22,892,000	23,068,000	23,109,000
ROA		5.09%	4.30%	4.21%	4.10%	4.31%	4.88%	4.75%	4.32%	3.91%	3.19%	2.54%	1.67%	1.14%	0.74%	0.57%	0.93%	0.82%	1.07%	1.07%	1.07%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,358,000K ÷ $26,681,000K
= 5.09%

Over the past eight quarters, IQVIA Holdings Inc's return on assets (ROA) has fluctuated within a relatively narrow range, ranging from a low of 4.10% in Q1 2023 to a high of 5.09% in Q4 2023. The average ROA over this period is 4.51%. This indicates that, on average, the company is generating approximately $0.045 in net income for every dollar of assets it holds.

The stability in IQVIA's ROA suggests that the company has been effectively utilizing its assets to generate profits consistently. Investors and analysts may view this as a positive indicator of operational efficiency and effective asset management within the organization.

However, it is important to consider other factors alongside ROA to gain a comprehensive understanding of IQVIA's financial performance and health. Assessing trends in ROA over longer time periods, comparing it to industry benchmarks, and analyzing the drivers of changes in ROA can provide deeper insights into the company's financial management and potential future performance.