Return on Assets (ROA)
since 2005
Calculation
AmerisourceBergen Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to AmerisourceBergen Corporation1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Sep 30, 2022 | 3.00% | = | 100 | × | 1,698,820) | ÷ | 56,560,616) |
| Sep 30, 2021 | 2.69% | = | 100 | × | 1,539,932) | ÷ | 57,337,805) |
| Sep 30, 2020 | -7.70% | = | 100 | × | (3,408,716) | ÷ | 44,274,830) |
| Sep 30, 2019 | 2.18% | = | 100 | × | 855,365) | ÷ | 39,171,980) |
| Sep 30, 2018 | 4.40% | = | 100 | × | 1,658,405) | ÷ | 37,669,838) |
| Sep 30, 2017 | 1.03% | = | 100 | × | 364,484) | ÷ | 35,316,470) |
| Sep 30, 2016 | 4.24% | = | 100 | × | 1,427,929) | ÷ | 33,656,200) |
| Sep 30, 2015 | -0.49% | = | 100 | × | (134,887) | ÷ | 27,736,157) |
| Sep 30, 2014 | 1.28% | = | 100 | × | 276,484) | ÷ | 21,532,183) |
| Sep 30, 2013 | 2.29% | = | 100 | × | 433,707) | ÷ | 18,918,638) |
| Sep 30, 2012 | 4.66% | = | 100 | × | 718,986) | ÷ | 15,444,126) |
| Sep 30, 2011 | 4.72% | = | 100 | × | 706,624) | ÷ | 14,982,671) |
| Sep 30, 2010 | 4.41% | = | 100 | × | 636,748) | ÷ | 14,434,843) |
| Sep 30, 2009 | 3.71% | = | 100 | × | 503,397) | ÷ | 13,572,740) |
| Sep 30, 2008 | 2.05% | = | 100 | × | 250,559) | ÷ | 12,217,786) |
| Sep 30, 2007 | 3.81% | = | 100 | × | 469,167) | ÷ | 12,310,064) |
| Sep 30, 2006 | 3.66% | = | 100 | × | 467,714) | ÷ | 12,783,920) |
| Sep 30, 2005 | 2.33% | = | 100 | × | 264,645) | ÷ | 11,381,174) |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$ in thousands
The financial trajectory from 2005 to 2022 is characterized by a consistent expansion of the asset base contrasted with significant volatility in net income, leading to erratic fluctuations in the Return on Assets (ROA).
- Asset Base Growth
- A sustained upward trend in total assets is observed, with the base growing from $11.38 billion in 2005 to $56.56 billion in 2022. The growth was particularly aggressive after 2013, as total assets more than doubled between 2013 and 2021, indicating a significant increase in the company's operational scale and resource deployment.
- Net Income Performance
- Net income exhibits high variance throughout the period. While the company maintained positive earnings for the majority of the timeframe, two significant downturns occurred in 2015 and 2020, with the latter representing a substantial loss of $3.41 billion. These losses are interspersed with periods of high profitability, such as in 2016, 2018, 2021, and 2022, where net income exceeded $1.4 billion.
- Return on Assets (ROA) Analysis
- The ROA trend reveals three distinct phases of efficiency. From 2005 to 2012, the ratio was relatively stable, fluctuating between 2.05% and 4.72%. A second phase of instability occurred between 2013 and 2020, marked by sharp declines and a historic low of -7.70% in 2020. A third phase of recovery is evident in 2021 and 2022, with the ROA returning to a positive trend, reaching 3.00% by the end of the period. The volatility in ROA is primarily driven by the instability of net income rather than fluctuations in the asset base, which remained on a steady growth path.
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Comparison to Competitors
AmerisourceBergen Corp., ROA, long-term trends, comparison to competitors
| AmerisourceBergen Corp. | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Sep 30, 2022 | 3.00% | 9.31% | 5.86% | 10.19% | 5.54% | 8.19% |
| Sep 30, 2021 | 2.69% | 9.40% | 6.26% | 12.58% | 3.87% | 8.15% |
| Sep 30, 2020 | -7.70% | 6.20% | 5.28% | 9.50% | 5.28% | 7.81% |
| Sep 30, 2019 | 2.18% | 5.43% | 6.21% | 14.17% | 5.16% | 7.96% |
| Sep 30, 2018 | 4.40% | 3.53% | 5.24% | 14.37% | 3.40% | 7.87% |
| Sep 30, 2017 | 1.03% | 0.63% | 5.45% | 11.46% | 4.04% | 7.59% |
| Sep 30, 2016 | 4.24% | 2.66% | 3.79% | 11.34% | 3.55% | 5.71% |
| Sep 30, 2015 | -0.49% | 10.72% | 4.15% | 12.00% | 2.51% | 5.22% |
| Sep 30, 2014 | 1.28% | 5.53% | 4.14% | 10.58% | 8.08% | 6.50% |
| Sep 30, 2013 | 2.29% | 6.00% | 4.18% | 16.99% | 9.95% | 6.87% |
| Sep 30, 2012 | 4.66% | 8.87% | 4.50% | 16.18% | 10.93% | 6.83% |
| Sep 30, 2011 | 4.72% | 7.84% | 5.09% | 16.16% | 10.18% | 7.57% |
| Sep 30, 2010 | 4.41% | 7.78% | 5.75% | 15.97% | 11.03% | 7.35% |
| Sep 30, 2009 | 3.71% | 10.96% | 9.10% | 12.85% | 9.17% | 6.47% |
| Sep 30, 2008 | 2.05% | 11.51% | 5.15% | 13.86% | 10.05% | 5.33% |
| Sep 30, 2007 | 3.81% | 9.08% | 6.43% | 13.90% | 14.36% | 9.14% |
| Sep 30, 2006 | 3.66% | 4.75% | 5.98% | 10.72% | 12.95% | 8.61% |
| Sep 30, 2005 | 2.33% | 11.57% | 4.79% | 18.77% | 10.86% | 7.98% |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Sector (Health Care Equipment & Services)
AmerisourceBergen Corp., ROA, long-term trends, comparison to sector (health care equipment & services)
| AmerisourceBergen Corp. | Health Care Equipment & Services | |
|---|---|---|
| Sep 30, 2022 | 3.00% | 7.49% |
| Sep 30, 2021 | 2.69% | 7.28% |
| Sep 30, 2020 | -7.70% | 6.62% |
| Sep 30, 2019 | 2.18% | 6.77% |
| Sep 30, 2018 | 4.40% | 5.72% |
| Sep 30, 2017 | 1.03% | 5.00% |
| Sep 30, 2016 | 4.24% | 4.37% |
| Sep 30, 2015 | -0.49% | 4.93% |
| Sep 30, 2014 | 1.28% | 6.03% |
| Sep 30, 2013 | 2.29% | 6.64% |
| Sep 30, 2012 | 4.66% | 7.54% |
| Sep 30, 2011 | 4.72% | 7.54% |
| Sep 30, 2010 | 4.41% | 7.69% |
| Sep 30, 2009 | 3.71% | 8.84% |
| Sep 30, 2008 | 2.05% | 7.51% |
| Sep 30, 2007 | 3.81% | 8.92% |
| Sep 30, 2006 | 3.66% | 7.40% |
| Sep 30, 2005 | 2.33% | 7.94% |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Industry (Health Care)
AmerisourceBergen Corp., ROA, long-term trends, comparison to industry (health care)
| AmerisourceBergen Corp. | Health Care | |
|---|---|---|
| Sep 30, 2022 | 3.00% | 9.66% |
| Sep 30, 2021 | 2.69% | 9.46% |
| Sep 30, 2020 | -7.70% | 5.81% |
| Sep 30, 2019 | 2.18% | 8.32% |
| Sep 30, 2018 | 4.40% | 7.90% |
| Sep 30, 2017 | 1.03% | 5.19% |
| Sep 30, 2016 | 4.24% | 7.31% |
| Sep 30, 2015 | -0.49% | 7.71% |
| Sep 30, 2014 | 1.28% | 8.59% |
| Sep 30, 2013 | 2.29% | 8.76% |
| Sep 30, 2012 | 4.66% | 8.09% |
| Sep 30, 2011 | 4.72% | 7.36% |
| Sep 30, 2010 | 4.41% | 7.24% |
| Sep 30, 2009 | 3.71% | 9.73% |
| Sep 30, 2008 | 2.05% | 9.50% |
| Sep 30, 2007 | 3.81% | 8.88% |
| Sep 30, 2006 | 3.66% | 10.52% |
| Sep 30, 2005 | 2.33% | 9.67% |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).