UnitedHealth Group Incorporated (UNH)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 22,381,000 | 20,120,000 | 17,285,000 | 15,403,000 | 13,839,000 |
| Total assets | US$ in thousands | 273,720,000 | 245,705,000 | 212,206,000 | 197,289,000 | 173,889,000 |
| ROA | 8.18% | 8.19% | 8.15% | 7.81% | 7.96% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $22,381,000K ÷ $273,720,000K
= 8.18%
Unitedhealth Group Inc's return on assets (ROA) has been relatively stable over the past five years, ranging from 7.81% in 2020 to 8.19% in 2022. In 2023, the ROA decreased slightly to 8.18%. This indicates that the company generates, on average, approximately 8.18 cents of profit for every dollar of assets it holds.
The consistent ROA suggests that Unitedhealth Group Inc has been efficient in utilizing its assets to generate profits over the years. However, investors and stakeholders may want to monitor any fluctuations in ROA to assess potential changes in the company's profitability and asset management effectiveness.
Peer comparison
Dec 31, 2023