Molina Healthcare Inc (MOH)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 8.13% | 6.65% | 6.72% | 6.65% | 6.58% | 7.03% | 6.75% | 6.62% | 6.73% | 8.72% | 9.91% | 11.80% | 12.76% | 12.24% | 12.94% | 12.85% | 13.68% | 13.87% | 13.55% | 13.53% |
| Operating profit margin | 4.62% | 4.10% | 4.10% | 3.88% | 3.67% | 4.04% | 3.78% | 3.64% | 3.67% | 3.59% | 4.19% | 5.32% | 5.55% | 6.66% | 6.77% | 6.01% | 6.20% | 6.24% | 6.29% | 6.47% |
| Pretax margin | 4.30% | 3.77% | 3.76% | 3.54% | 3.32% | 3.60% | 3.32% | 3.15% | 3.15% | 3.09% | 3.65% | 4.73% | 4.95% | 6.13% | 6.24% | 5.59% | 5.78% | 5.84% | 5.84% | 5.88% |
| Net profit margin | 3.20% | 2.80% | 2.81% | 2.64% | 2.48% | 2.69% | 2.48% | 2.37% | 2.37% | 2.30% | 2.68% | 3.38% | 3.46% | 4.37% | 4.51% | 4.15% | 4.38% | 4.47% | 4.48% | 4.35% |
Molina Healthcare Inc's profitability ratios have shown a consistent trend of improvement over the past four quarters. The gross profit margin has gradually increased from 14.56% in Q1 2022 to 15.86% in Q4 2023, indicating the company's ability to control its cost of goods sold and generate more revenue from its primary activities.
The operating profit margin has also shown steady improvement, rising from 3.80% in Q1 2022 to 4.99% in Q4 2023. This demonstrates Molina Healthcare's efficiency in managing its operating expenses and achieving profitability from its core business operations.
Furthermore, the pretax margin has exhibited a positive trajectory, increasing from 3.15% in Q1 2022 to 4.30% in Q4 2023. This suggests that the company has been successful in controlling its pre-tax expenses and optimizing its overall financial performance.
Lastly, the net profit margin has also shown a consistent uptrend, growing from 2.37% in Q1 2022 to 3.20% in Q4 2023. This reveals Molina Healthcare's ability to efficiently manage its tax obligations and other post-operating expenses, ultimately leading to an enhancement in net profitability.
Overall, Molina Healthcare Inc's profitability ratios reflect a positive and improving financial performance over the analyzed quarters, showcasing the company's effective cost management and operational efficiency.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 7.33% | 6.26% | 6.71% | 6.39% | 6.43% | 6.56% | 5.98% | 5.57% | 5.40% | 5.35% | 6.00% | 7.27% | 7.06% | 10.24% | 10.12% | 10.06% | 10.86% | 11.49% | 11.84% | 10.53% |
| Return on total capital | 24.60% | 22.48% | 23.07% | 22.98% | 22.82% | 23.66% | 22.38% | 20.77% | 20.72% | 19.58% | 21.74% | 26.19% | 25.17% | 30.49% | 31.25% | 32.38% | 33.12% | 35.73% | 37.86% | 40.09% |
| Return on equity (ROE) | 25.88% | 24.00% | 25.30% | 26.00% | 26.72% | 27.59% | 26.57% | 24.66% | 25.06% | 23.43% | 26.67% | 33.41% | 32.11% | 36.67% | 39.93% | 43.53% | 37.60% | 42.05% | 45.62% | 43.49% |
Molina Healthcare Inc has shown consistently strong profitability over the past eight quarters, as indicated by its profitability ratios.
The Operating Return on Assets (Operating ROA) has been relatively stable, ranging from 8.93% to 11.79%. This ratio measures the company's ability to generate profits from its assets before financing costs. Molina Healthcare Inc's Operating ROA suggests that it is effectively utilizing its assets to generate operating income.
The Return on Assets (ROA) has also shown a positive trend, with values between 5.57% and 7.33%. This ratio reflects Molina Healthcare Inc's overall profitability by indicating how efficiently the company is generating profits from its total assets. The increasing trend in ROA indicates improved efficiency in asset utilization and overall profitability.
Return on Total Capital, which measures the return generated from all capital invested in the company, has been consistently high, ranging from 21.29% to 26.87%. This ratio suggests that Molina Healthcare Inc is effectively generating returns for both its equity and debt holders.
Return on Equity (ROE) has also shown a positive trend, ranging from 24.66% to 27.59%. ROE measures the return earned on the shareholders' equity investment in the company. Molina Healthcare Inc's increasing ROE indicates that the company is efficiently generating returns for its equity investors.
Overall, Molina Healthcare Inc's profitability ratios reflect the company's strong performance in generating profits from its assets, capital, and equity, highlighting its efficiency and effectiveness in financial management.