Molina Healthcare Inc (MOH)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,091,000 | 792,000 | 659,000 | 673,000 | 737,000 |
| Total assets | US$ in thousands | 14,892,000 | 12,314,000 | 12,209,000 | 9,532,000 | 6,787,000 |
| ROA | 7.33% | 6.43% | 5.40% | 7.06% | 10.86% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,091,000K ÷ $14,892,000K
= 7.33%
The return on assets (ROA) for Molina Healthcare Inc has exhibited some fluctuation over the past five years.
In 2019, the ROA was at its highest level at 10.86%, indicating that the company generated $0.1086 in profit for every dollar of assets it owned. However, there was a noticeable decline in ROA in 2020 to 7.06%, which suggests a decrease in profitability relative to the previous year.
Subsequently, in 2021, the ROA decreased further to 5.40%, reflecting continued challenges in generating profits from its assets. However, there was a slight improvement in 2022, with the ROA rising to 6.43%, indicating a slight recovery in profitability.
Finally, in 2023, the ROA increased to 7.33%, showing a positive trend in the company's ability to generate profits from its assets. Overall, the trend in ROA for Molina Healthcare Inc suggests some variability in the company's profitability performance over the past five years.
Peer comparison
Dec 31, 2023