Stock Analysis on Net

UnitedHealth Group Inc. (NYSE:UNH)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

UnitedHealth Group Inc., ROA, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 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 millions


Net earnings attributable to common shareholders
Net earnings demonstrated a general upward trend from 3,300 million US dollars in 2005 to a peak of 22,381 million in 2023, reflecting significant growth over the period. However, there was a notable dip in 2008, where earnings fell to 2,977 million, followed by recovery and consistent growth in subsequent years. The latest figure in 2024 shows a considerable decline to 14,405 million, representing a noteworthy contraction compared to the previous year.
Total assets
Total assets showed steady and continuous growth throughout the period, increasing from 41,374 million US dollars in 2005 to 298,278 million in 2024. This consistent expansion indicates ongoing asset accumulation and possibly reflects business growth, acquisitions, or capital investments. The asset base grew particularly strongly after 2010, with assets more than quadrupling by 2024.
Return on assets (ROA)
ROA fluctuated over the years, starting at 7.98% in 2005 and experiencing a decline to 5.22% by 2014. A recovery phase is noted from 2015 through 2022 where ROA values remained around 7.5% to 8.2%, indicating improved efficiency in asset utilization. The peak ROA during this recovery was 8.19% in 2021. However, in 2024, ROA declined sharply to 4.83%, suggesting a decrease in profitability relative to the asset base during that year.
Overall analysis
The data indicates strong growth in earnings and assets over the long term, with periods of volatility associated with economic conditions or company-specific factors. The sharp decline in net earnings and ROA in the latest year suggests recent challenges in maintaining profitability despite a substantially increased asset base. This may warrant further investigation into operational efficiency, market conditions, or extraordinary events impacting financial performance.

Comparison to Competitors

UnitedHealth Group Inc., ROA, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 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)

UnitedHealth Group Inc., ROA, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 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)