McKesson Corporation (MCK)
Return on assets (ROA)
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,295,000 | 3,002,000 | 3,560,000 | 1,114,000 | -4,339,000 |
| Total assets | US$ in thousands | 75,140,000 | 67,443,000 | 62,320,000 | 63,298,000 | 65,015,000 |
| ROA | 4.39% | 4.45% | 5.71% | 1.76% | -6.67% |
March 31, 2025 calculation
ROA = Net income ÷ Total assets
= $3,295,000K ÷ $75,140,000K
= 4.39%
Based on the provided data, McKesson Corporation's return on assets (ROA) has shown a fluctuating trend over the specified period.
On March 31, 2021, the ROA was negative at -6.67%, indicating that the company generated a loss relative to its assets. However, by March 31, 2022, the ROA turned positive at 1.76%, showing an improvement in the company's efficiency in generating profit from its assets.
Subsequently, on March 31, 2023, the ROA further increased to 5.71%, indicating that McKesson Corporation became more efficient in utilizing its assets to generate profits. However, there was a slight decrease in the ROA to 4.45% by March 31, 2024, followed by a marginal decline to 4.39% by March 31, 2025.
Overall, the positive trend in ROA from 2021 to 2023 suggests an improvement in the company's asset utilization efficiency and profitability. However, the slight decline in ROA in the later years may indicate potential challenges or changes in the company's performance in generating profits from its assets. Additional factors and context would be needed to further analyze the drivers behind these fluctuations.
Peer comparison
Mar 31, 2025