Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. The Cigna Group's annualizedNet Income for the quarter that ended in Dec. 2023 was $4,116 Mil. The Cigna Group's average total tangible assets for the quarter that ended in Dec. 2023 was $75,075 Mil. Therefore, The Cigna Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 5.48%.
The historical rank and industry rank for The Cigna Group's Return-on-Tangible-Asset or its related term are showing as below:
CI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.61 Med: 5.71 Max: 11.26
Current: 7.21
During the past 13 years, The Cigna Group's highest Return-on-Tangible-Asset was 11.26%. The lowest was 3.61%. And the median was 5.71%.
CI's Return-on-Tangible-Asset is ranked better than 66.67% of 21
companies
in the Healthcare Plans industry
Industry Median: 4.7
vs CI: 7.21
The Cigna Group Return-on-Tangible-Asset Historical Data
The historical data trend for The Cigna Group's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of The Cigna Group's Return-on-Tangible-Asset
For the Healthcare Plans subindustry, The Cigna Group's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Cigna Group's Return-on-Tangible-Asset Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, The Cigna Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where The Cigna Group's Return-on-Tangible-Asset falls into.
The Cigna Group Return-on-Tangible-Asset Calculation
The Cigna Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Dec. 2023) net income data.
The Cigna Group (NYSE:CI) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
The Cigna Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of The Cigna Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
The Cigna Group (The Cigna Group) Business Description
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 18 million U.S. medical members covered as of the end of June 2023.
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