UnitedHealth Group Incorporated (UNH)

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	22,381,000	21,687,000	21,108,000	20,704,000	20,120,000	19,430,000	18,254,000	17,450,000	17,285,000	15,426,000	14,512,000	16,883,000	15,403,000	16,732,000	17,098,000	13,754,000	13,839,000	13,338,000	12,988,000	12,617,000
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
ROA		8.18%	7.69%	7.53%	7.30%	8.19%	7.99%	7.93%	7.89%	8.15%	7.24%	6.90%	8.23%	7.81%	8.76%	8.88%	7.27%	7.96%	7.68%	7.77%	7.83%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $22,381,000K ÷ $273,720,000K
= 8.18%

Unitedhealth Group Inc's Return on Assets (ROA) has shown a consistent trend over the past eight quarters, ranging from 7.30% to 8.19%. The ROA for Q4 2023 stood at 8.18%, indicating that the company generated $0.0818 in net income for every dollar of assets it holds during that period.

The upward trend in ROA from Q1 2023 to Q4 2023 suggests improved efficiency in utilizing its assets to generate profits. It peaked at 8.19% in Q4 2022 but dipped slightly before picking up again in the latest quarter. This indicates that the company has been effectively managing its assets to generate profits for its shareholders.

Overall, Unitedhealth Group Inc's ROA performance demonstrates a solid ability to generate earnings from its asset base, which is a positive indicator of its financial health and operational efficiency.