UnitedHealth Group Incorporated (UNH)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 31,595,000 | 30,870,000 | 29,881,000 | 29,010,000 | 27,916,000 | 26,593,000 | 24,860,000 | 23,729,000 | 23,523,000 | 21,479,000 | 20,439,000 | 23,749,000 | 22,039,000 | 23,630,000 | 23,986,000 | 19,456,000 | 19,285,000 | 18,690,000 | 18,261,000 | 17,725,000 |
| Long-term debt | US$ in thousands | 58,263,000 | 58,079,000 | 59,268,000 | 60,657,000 | 54,513,000 | 45,438,000 | 45,799,000 | 40,796,000 | 42,383,000 | 43,345,000 | 44,348,000 | 37,420,000 | 38,648,000 | 39,895,000 | 39,901,000 | 35,779,000 | 36,808,000 | 38,507,000 | 34,473,000 | 34,419,000 |
| Total stockholders’ equity | US$ in thousands | 98,919,000 | 93,980,000 | 92,156,000 | 90,622,000 | 86,347,000 | 82,921,000 | 81,127,000 | 77,647,000 | 76,479,000 | 74,632,000 | 73,321,000 | 70,582,000 | 70,539,000 | 69,951,000 | 68,357,000 | 61,604,000 | 62,162,000 | 59,747,000 | 58,056,000 | 56,505,000 |
| Return on total capital | 20.10% | 20.30% | 19.73% | 19.18% | 19.82% | 20.72% | 19.59% | 20.03% | 19.79% | 18.21% | 17.37% | 21.99% | 20.18% | 21.51% | 22.16% | 19.98% | 19.49% | 19.02% | 19.74% | 19.49% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $31,595,000K ÷ ($58,263,000K + $98,919,000K)
= 20.10%
UnitedHealth Group Inc's return on total capital has shown consistency in the past quarters, ranging from 19.47% to 21.96%. The company's ability to generate returns on the total capital employed has been relatively stable, with the highest return recorded in Q3 2022 at 21.96%. This indicates that the company is efficiently utilizing its capital to generate profits. The slight variations in the return on total capital suggest that UnitedHealth Group Inc is managing its capital effectively to maintain profitability. Overall, the trend in return on total capital reflects the company's strong financial performance and effective capital allocation strategies.
Peer comparison
Dec 31, 2023