Molina Healthcare Inc (MOH)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,091,000 | 931,000 | 916,000 | 855,000 | 792,000 | 839,000 | 752,000 | 689,000 | 659,000 | 590,000 | 632,000 | 723,000 | 673,000 | 807,000 | 797,000 | 717,000 | 737,000 | 770,000 | 792,000 | 798,000 |
| 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 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,091,000K ÷ $14,892,000K
= 7.33%
Based on the data provided, Molina Healthcare Inc's return on assets (ROA) has shown fluctuations over the past eight quarters, ranging from 5.57% to 7.33%. The ROA performance improved in Q4 2023 to 7.33%, indicating that for every dollar of assets held by the company, it generated a net income of 7.33 cents. This increase in ROA could imply that Molina Healthcare Inc is becoming more efficient in generating profits from its assets.
Overall, the trend in ROA over the quarters shows some variability but generally indicates a positive performance, with the company consistently generating returns above 5%. However, it is essential to conduct further analysis to understand the factors driving these fluctuations and to assess the sustainability of this improved ROA in the future.
Peer comparison
Dec 31, 2023