UnitedHealth Group Incorporated (UNH)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 19,716,000 | 22,693,000 | 21,534,000 | 22,941,000 | 30,182,000 | 30,563,000 | 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 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 92,658,000 | 99,881,000 | 84,801,000 | 86,688,000 | 88,756,000 | 84,494,000 | 82,353,000 | 81,312,000 | 77,772,000 | 74,646,000 | 72,820,000 | 72,766,000 | 71,760,000 | 70,278,000 | 69,014,000 | 66,404,000 | 65,491,000 | 65,231,000 | 63,624,000 | 56,977,000 |
| Return on total capital | 21.28% | 22.72% | 25.39% | 26.46% | 34.01% | 36.17% | 37.03% | 36.37% | 36.56% | 36.28% | 34.79% | 33.23% | 33.40% | 31.23% | 30.26% | 36.37% | 34.21% | 36.77% | 38.27% | 34.84% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $19,716,000K ÷ ($—K + $92,658,000K)
= 21.28%
UnitedHealth Group Incorporated's return on total capital has displayed fluctuations over the period from March 31, 2020, to December 31, 2024.
The return on total capital started at a high level of 34.84% as of March 31, 2020, and showed an upward trend, reaching a peak of 38.27% by June 30, 2020. However, there was a slight decrease in the subsequent quarters, with the metric fluctuating between 34.21% and 36.77% for the remainder of 2020.
In the following year, the return on total capital continued to fluctuate, with values ranging from 30.26% to 36.37% between March 31, 2021, and March 31, 2022. The metric peaked at 36.56% by December 31, 2022, indicating a positive performance by the company.
Subsequently, there was a slight decrease in the return on total capital, ranging between 26.46% and 37.03% from March 31, 2023, to June 30, 2024. Notably, the metric dropped to 21.28% by December 31, 2024, which marked a significant decline in the company's efficiency in generating returns from its total capital.
Overall, UnitedHealth Group's return on total capital fluctuated throughout the period, showcasing both positive and negative trends. The company's management may need to focus on optimizing the utilization of its capital resources to enhance overall efficiency and profitability.
Peer comparison
Dec 31, 2024