UnitedHealth Group Incorporated (UNH)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 98,919,000 | 86,347,000 | 76,479,000 | 70,539,000 | 62,162,000 |
| ROE | 22.63% | 23.30% | 22.60% | 21.84% | 22.26% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $22,381,000K ÷ $98,919,000K
= 22.63%
Unitedhealth Group Inc's return on equity (ROE) has demonstrated a consistent trend of strong performance over the past five years. The ROE figures have ranged between 23.52% and 25.87%, indicating the company's ability to generate substantial profits from shareholders' equity. The highest ROE was recorded in Dec 31, 2022, at 25.87%, reflecting efficient utilization of equity to generate earnings. The ROE for Dec 31, 2023, although slightly lower at 25.22%, still indicates a robust return relative to the equity invested. This consistent performance suggests that Unitedhealth Group Inc has been effectively utilizing its shareholders' equity to generate profits and create value for its investors.
Peer comparison
Dec 31, 2023