Molina Healthcare Inc (MOH)
Operating return on assets (Operating ROA)
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,573,000 | 1,362,000 | 1,338,000 | 1,256,000 | 1,173,000 | 1,259,000 | 1,145,000 | 1,057,000 | 1,020,000 | 920,000 | 988,000 | 1,139,000 | 1,078,000 | 1,229,000 | 1,197,000 | 1,038,000 | 1,044,000 | 1,074,000 | 1,112,000 | 1,189,000 |
| Total assets | US$ in thousands | 14,892,000 | 14,870,000 | 13,661,000 | 13,371,000 | 12,314,000 | 12,793,000 | 12,572,000 | 12,360,000 | 12,209,000 | 11,033,000 | 10,530,000 | 9,950,000 | 9,532,000 | 7,881,000 | 7,876,000 | 7,129,000 | 6,787,000 | 6,701,000 | 6,690,000 | 7,579,000 |
| Operating ROA | 10.56% | 9.16% | 9.79% | 9.39% | 9.53% | 9.84% | 9.11% | 8.55% | 8.35% | 8.34% | 9.38% | 11.45% | 11.31% | 15.59% | 15.20% | 14.56% | 15.38% | 16.03% | 16.62% | 15.69% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,573,000K ÷ $14,892,000K
= 10.56%
The operating return on assets (ROA) for Molina Healthcare Inc has shown a generally positive trend over the past eight quarters, with values ranging from 8.93% to 11.79%. The operating ROA improved consistently from Q1 2022 to Q2 2023, indicating that the company has been effectively utilizing its assets to generate operating profits. The recent values above 11% demonstrate the company's ability to efficiently generate profits from its operating activities relative to its total assets. This trend reflects positively on Molina Healthcare's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023