Return on Assets (ROA)
since 2005
Calculation
Express Scripts Holding Co., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income attributable to Express Scripts1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2017 | 8.33% | = | 100 | × | 4,517,400) | ÷ | 54,255,800) |
| Dec 31, 2016 | 6.58% | = | 100 | × | 3,404,400) | ÷ | 51,744,900) |
| Dec 31, 2015 | 4.65% | = | 100 | × | 2,476,400) | ÷ | 53,243,300) |
| Dec 31, 2014 | 3.73% | = | 100 | × | 2,007,600) | ÷ | 53,798,900) |
| Dec 31, 2013 | 3.44% | = | 100 | × | 1,844,600) | ÷ | 53,548,200) |
| Dec 31, 2012 | 2.26% | = | 100 | × | 1,312,900) | ÷ | 58,111,200) |
| Dec 31, 2011 | 8.17% | = | 100 | × | 1,275,800) | ÷ | 15,607,000) |
| Dec 31, 2010 | 11.19% | = | 100 | × | 1,181,200) | ÷ | 10,557,800) |
| Dec 31, 2009 | 6.94% | = | 100 | × | 827,600) | ÷ | 11,931,200) |
| Dec 31, 2008 | 14.09% | = | 100 | × | 776,100) | ÷ | 5,509,200) |
| Dec 31, 2007 | 10.80% | = | 100 | × | 567,800) | ÷ | 5,256,400) |
| Dec 31, 2006 | 9.29% | = | 100 | × | 474,400) | ÷ | 5,108,100) |
| Dec 31, 2005 | 7.28% | = | 100 | × | 400,000) | ÷ | 5,493,000) |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial trajectory from 2005 to 2017 is characterized by consistent growth in net income alongside a dramatic expansion of the total asset base, which fundamentally altered the Return on Assets (ROA) profile of the organization.
- Net Income Trends
- Net income attributable to Express Scripts exhibited a sustained and uninterrupted upward trajectory over the analyzed period. Earnings grew from 400 million US dollars in 2005 to 4.52 billion US dollars by 2017, reflecting a significant increase in absolute profitability.
- Asset Base Expansion
- Total assets remained relatively contained between 2005 and 2011, ranging from 5.1 billion to 15.6 billion US dollars. However, a substantial structural shift occurred in 2012, when total assets surged to 58.1 billion US dollars. Following this spike, the asset base stabilized, fluctuating between 51.7 billion and 54.3 billion US dollars through 2017.
- Return on Assets (ROA) Analysis
- The ROA transitioned through three distinct phases. An initial period of efficiency gains was observed from 2005 to 2008, during which the ROA peaked at 14.09%. A subsequent period of volatility and decline followed, culminating in a low of 2.26% in 2012, a direct result of the massive increase in total assets outpacing net income growth. Since 2012, a steady recovery phase has been evident, with the ROA climbing consistently from 3.44% in 2013 to 8.33% in 2017, indicating an improving ability to generate profit from the expanded asset base.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Express Scripts Holding Co., ROA, long-term trends, comparison to competitors
| Express Scripts Holding Co. | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2017 | 8.33% | 0.63% | 5.45% | 11.46% | 4.04% | 7.59% |
| Dec 31, 2016 | 6.58% | 2.66% | 3.79% | 11.34% | 3.55% | 5.71% |
| Dec 31, 2015 | 4.65% | 10.72% | 4.15% | 12.00% | 2.51% | 5.22% |
| Dec 31, 2014 | 3.73% | 5.53% | 4.14% | 10.58% | 8.08% | 6.50% |
| Dec 31, 2013 | 3.44% | 6.00% | 4.18% | 16.99% | 9.95% | 6.87% |
| Dec 31, 2012 | 2.26% | 8.87% | 4.50% | 16.18% | 10.93% | 6.83% |
| Dec 31, 2011 | 8.17% | 7.84% | 5.09% | 16.16% | 10.18% | 7.57% |
| Dec 31, 2010 | 11.19% | 7.78% | 5.75% | 15.97% | 11.03% | 7.35% |
| Dec 31, 2009 | 6.94% | 10.96% | 9.10% | 12.85% | 9.17% | 6.47% |
| Dec 31, 2008 | 14.09% | 11.51% | 5.15% | 13.86% | 10.05% | 5.33% |
| Dec 31, 2007 | 10.80% | 9.08% | 6.43% | 13.90% | 14.36% | 9.14% |
| Dec 31, 2006 | 9.29% | 4.75% | 5.98% | 10.72% | 12.95% | 8.61% |
| Dec 31, 2005 | 7.28% | 11.57% | 4.79% | 18.77% | 10.86% | 7.98% |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
Express Scripts Holding Co., ROA, long-term trends, comparison to sector (health care equipment & services)
| Express Scripts Holding Co. | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2017 | 8.33% | 5.00% |
| Dec 31, 2016 | 6.58% | 4.37% |
| Dec 31, 2015 | 4.65% | 4.93% |
| Dec 31, 2014 | 3.73% | 6.03% |
| Dec 31, 2013 | 3.44% | 6.64% |
| Dec 31, 2012 | 2.26% | 7.54% |
| Dec 31, 2011 | 8.17% | 7.54% |
| Dec 31, 2010 | 11.19% | 7.69% |
| Dec 31, 2009 | 6.94% | 8.84% |
| Dec 31, 2008 | 14.09% | 7.51% |
| Dec 31, 2007 | 10.80% | 8.92% |
| Dec 31, 2006 | 9.29% | 7.40% |
| Dec 31, 2005 | 7.28% | 7.94% |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
Express Scripts Holding Co., ROA, long-term trends, comparison to industry (health care)
| Express Scripts Holding Co. | Health Care | |
|---|---|---|
| Dec 31, 2017 | 8.33% | 5.19% |
| Dec 31, 2016 | 6.58% | 7.31% |
| Dec 31, 2015 | 4.65% | 7.71% |
| Dec 31, 2014 | 3.73% | 8.59% |
| Dec 31, 2013 | 3.44% | 8.76% |
| Dec 31, 2012 | 2.26% | 8.09% |
| Dec 31, 2011 | 8.17% | 7.36% |
| Dec 31, 2010 | 11.19% | 7.24% |
| Dec 31, 2009 | 6.94% | 9.73% |
| Dec 31, 2008 | 14.09% | 9.50% |
| Dec 31, 2007 | 10.80% | 8.88% |
| Dec 31, 2006 | 9.29% | 10.52% |
| Dec 31, 2005 | 7.28% | 9.67% |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).