McKesson Corporation (MCK)
Operating return on assets (Operating ROA)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,454,000 | 4,235,000 | 3,653,000 | 4,026,000 | 4,065,000 | 3,673,000 | 4,272,000 | 4,445,000 | 4,381,000 | 4,245,000 | 3,302,000 | 2,717,000 | 2,249,000 | 2,415,000 | -5,245,000 | -5,150,000 | -5,040,000 | -5,181,000 | 2,541,000 | 2,533,000 |
| Total assets | US$ in thousands | 75,140,000 | 71,081,000 | 72,429,000 | 71,670,000 | 67,443,000 | 66,512,000 | 66,091,000 | 64,096,000 | 62,320,000 | 62,690,000 | 63,081,000 | 62,295,000 | 63,298,000 | 63,708,000 | 63,601,000 | 62,894,000 | 65,015,000 | 61,845,000 | 61,558,000 | 57,666,000 |
| Operating ROA | 5.93% | 5.96% | 5.04% | 5.62% | 6.03% | 5.52% | 6.46% | 6.93% | 7.03% | 6.77% | 5.23% | 4.36% | 3.55% | 3.79% | -8.25% | -8.19% | -7.75% | -8.38% | 4.13% | 4.39% |
March 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,454,000K ÷ $75,140,000K
= 5.93%
McKesson Corporation's operating return on assets (operating ROA) has shown fluctuating trends over the past few years. The operating ROA was positive, ranging from 4.39% to 5.23% from June 2020 to September 2022, indicating that the company was efficiently utilizing its assets to generate operating profits during this period. However, there was a significant decline in the operating ROA from December 2022 to September 2023, with values ranging from -8.25% to 6.46%, suggesting a period of operational challenges and decreased profitability relative to assets.
Subsequently, the operating ROA stabilized at moderate levels from December 2023 to March 2025, with values between 5.04% and 7.03%. This indicates that the company managed to improve its operational efficiency and profitability relative to its assets during this period.
Overall, it is essential for McKesson Corporation to closely monitor its operating ROA to ensure sustained profitability and efficient asset utilization in the coming quarters. Factors impacting operating ROA should be carefully analyzed and addressed to maintain financial health and competitiveness in the market.
Peer comparison
Mar 31, 2025