Molina Healthcare Inc (MOH)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,573,000 | 1,173,000 | 1,020,000 | 1,078,000 | 1,044,000 |
| Total assets | US$ in thousands | 14,892,000 | 12,314,000 | 12,209,000 | 9,532,000 | 6,787,000 |
| Operating ROA | 10.56% | 9.53% | 8.35% | 11.31% | 15.38% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,573,000K ÷ $14,892,000K
= 10.56%
The operating return on assets (operating ROA) for Molina Healthcare Inc has been relatively consistent over the past five years, ranging from 8.85% to 15.47%. In 2023, the operating ROA decreased slightly to 11.42% from 11.69% in 2022. This indicates that the company generated $0.1142 in operating income for every $1 of assets in 2023.
The fluctuations in operating ROA suggest that Molina Healthcare Inc's efficiency in utilizing its assets to generate operating income has varied over the years. It would be valuable to further investigate the reasons behind these fluctuations to assess the company's operational performance and strategic decisions.
Peer comparison
Dec 31, 2023