UnitedHealth Group Incorporated (UNH)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	32,287,000	32,358,000	28,435,000	23,970,000	22,405,000
Total assets	US$ in thousands	298,278,000	273,720,000	245,705,000	212,206,000	197,289,000
Operating ROA		10.82%	11.82%	11.57%	11.30%	11.36%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $32,287,000K ÷ $298,278,000K
= 10.82%

The operating return on assets (Operating ROA) for UnitedHealth Group Incorporated has shown a relatively stable trend over the five-year period from 2020 to 2024. The Operating ROA has ranged between 10.82% and 11.82% during this period.

In 2020, the Operating ROA was recorded at 11.36%, showing a strong performance in utilizing its assets to generate operating income. In 2021, there was a slight decrease to 11.30%, which was followed by a minor increase in 2022 to 11.57%. The peak in operating efficiency was reached in 2023 with an Operating ROA of 11.82%.

However, in 2024, there was a decline in the Operating ROA to 10.82%, which may indicate some challenges in generating operating income relative to the assets employed by the company.

Overall, UnitedHealth Group's Operating ROA demonstrates a solid performance in efficiently utilizing its assets to generate operating profits, although the slight decrease in 2024 warrants monitoring for potential impacts on the company's profitability and operational effectiveness.