UnitedHealth Group Incorporated (UNH)
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 | 32,358,000 | 31,560,000 | 30,496,000 | 29,571,000 | 28,435,000 | 27,085,000 | 25,335,000 | 24,181,000 | 23,970,000 | 21,946,000 | 20,885,000 | 24,148,000 | 22,405,000 | 23,983,000 | 24,346,000 | 19,849,000 | 19,685,000 | 19,087,000 | 18,663,000 | 18,123,000 |
| Total assets | US$ in thousands | 273,720,000 | 282,063,000 | 280,164,000 | 283,679,000 | 245,705,000 | 243,064,000 | 230,172,000 | 221,238,000 | 212,206,000 | 213,045,000 | 210,292,000 | 205,171,000 | 197,289,000 | 190,969,000 | 192,483,000 | 189,067,000 | 173,889,000 | 173,709,000 | 167,200,000 | 161,197,000 |
| Operating ROA | 11.82% | 11.19% | 10.89% | 10.42% | 11.57% | 11.14% | 11.01% | 10.93% | 11.30% | 10.30% | 9.93% | 11.77% | 11.36% | 12.56% | 12.65% | 10.50% | 11.32% | 10.99% | 11.16% | 11.24% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $32,358,000K ÷ $273,720,000K
= 11.82%
UnitedHealth Group Inc's operating return on assets (operating ROA) has demonstrated a consistent trend over the past eight quarters. The operating ROA has ranged from 10.42% to 11.82%, with the highest value recorded in Q4 2023. This indicates that the company generated $0.1182 in operating income for every dollar of assets in the most recent quarter.
The operating ROA for UnitedHealth Group Inc generally remained above 10% throughout the period, suggesting efficient utilization of assets to generate operating profits. This consistent performance indicates the company's ability to effectively manage its operations and generate income relative to its asset base.
The slight fluctuations in operating ROA over the quarters may be indicative of changes in the company's profitability and efficiency in managing its assets. Overall, the trend suggests that UnitedHealth Group Inc has maintained a strong operational performance in terms of generating income from its asset base.
Peer comparison
Dec 31, 2023