McKesson Corporation (MCK)
Operating return on assets (Operating ROA)
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,422,000 | 3,909,000 | 4,381,000 | 2,852,000 | 3,522,000 |
| Total assets | US$ in thousands | 75,140,000 | 67,443,000 | 62,320,000 | 63,298,000 | 65,015,000 |
| Operating ROA | 5.89% | 5.80% | 7.03% | 4.51% | 5.42% |
March 31, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $4,422,000K ÷ $75,140,000K
= 5.89%
McKesson Corporation's operating return on assets (operating ROA) has shown some fluctuation over the past five years. The ratio was 5.42% as of March 31, 2021, and decreased to 4.51% by March 31, 2022. However, there was a notable improvement in operating ROA to 7.03% as of March 31, 2023, indicating more effective use of assets to generate operating income. Subsequently, the ratio decreased slightly to 5.80% as of March 31, 2024, followed by a slight increase to 5.89% as of March 31, 2025.
Overall, McKesson Corporation's operating ROA demonstrates variability, with periods of improvement and slight decline. It is important for the company to continue monitoring asset utilization and operational efficiency to ensure sustainable profitability in the future.
Peer comparison
Mar 31, 2025