McKesson Corporation (MCK)
Return on assets (ROA)
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,002,000 | 2,998,000 | 3,488,000 | 3,750,000 | 3,560,000 | 3,141,000 | 2,055,000 | 1,396,000 | 1,114,000 | 1,412,000 | -4,807,000 | -4,497,000 | -4,539,000 | -4,184,000 | 2,228,000 | 921,000 | 900,000 | -917,000 | -634,000 | 595,000 |
| Total assets | US$ in thousands | 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 | 61,247,000 | 60,873,000 | 58,994,000 | 61,680,000 |
| ROA | 4.45% | 4.51% | 5.28% | 5.85% | 5.71% | 5.01% | 3.26% | 2.24% | 1.76% | 2.22% | -7.56% | -7.15% | -6.98% | -6.77% | 3.62% | 1.60% | 1.47% | -1.51% | -1.07% | 0.96% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,002,000K ÷ $67,443,000K
= 4.45%
McKesson Corporation's return on assets (ROA) has shown fluctuations over the past few quarters. The ROA was relatively stable in 2022, ranging from 1.76% to 5.01%. However, there was a significant decline in the ROA in the last quarter of 2022, dropping to 3.26%. This decline continued into the first half of 2023, reaching a low of -7.56% in the first quarter.
From the third quarter of 2023 onwards, the ROA started to improve steadily, reaching a peak of 5.85% in the second quarter of 2023. This positive trend continued into the most recent quarter, with the ROA standing at 4.45%.
Overall, the recent improvement in ROA suggests that McKesson Corporation has been more effective in generating profits from its assets compared to the previous quarters. However, the company should continue monitoring its asset management efficiency to sustain and potentially enhance its profitability levels in the future.
Peer comparison
Mar 31, 2024
See also:
McKesson Corporation Return on Assets (ROA) (Quarterly Data)