McKesson Corporation (MCK)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,909,000 | 4,381,000 | 2,038,000 | -5,040,000 | 2,489,000 |
| Total assets | US$ in thousands | 67,443,000 | 62,320,000 | 63,298,000 | 65,015,000 | 61,247,000 |
| Operating ROA | 5.80% | 7.03% | 3.22% | -7.75% | 4.06% |
March 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $3,909,000K ÷ $67,443,000K
= 5.80%
The operating return on assets (ROA) for McKesson Corporation has varied over the past five years. The trend indicates fluctuating performance in utilizing its assets to generate operating income.
In March 2024, the operating ROA stood at 5.80%, showing a decrease from the previous year's 7.03%. This decline suggests that the company may have faced challenges in improving operational efficiency and profitability relative to its total assets during the period.
The performance in March 2023 was relatively stronger, with an operating ROA of 7.03%, indicating that McKesson Corporation was able to generate higher operating income per dollar of assets compared to the following year.
In March 2022, the operating ROA was 3.22%, reflecting an improvement from the negative operating ROA of -7.75% in March 2021. This suggests a turnaround in the company's operational efficiency, as it generated positive returns on its assets after a period of loss.
The operating ROA in March 2020 was 4.06%, indicating a moderate level of return on assets compared to subsequent years. Overall, the trend in operating ROA for McKesson Corporation highlights varying levels of operational performance and efficiency in utilizing its assets to generate operating income over the past five years.
Peer comparison
Mar 31, 2024