CVS Health (WBO:CVS) Gross-Profit-to-Asset % : 21.92% (As of Dec. 2023)

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What is CVS Health Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. CVS Health's annualized Gross Profit for the quarter that ended in Dec. 2023 was €50,897 Mil. CVS Health's average Total Assets over the quarter that ended in Dec. 2023 was €232,237 Mil. Therefore, CVS Health's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 21.92%.

CVS Health Gross-Profit-to-Asset % Historical Data

The historical data trend for CVS Health's Gross-Profit-to-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.

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CVS Health Gross-Profit-to-Asset % Chart

CVS Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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21.98

20.68

23.30

24.40

22.46

CVS Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															23.31	22.76	22.11	21.83	21.92

Competitive Comparison of CVS Health's Gross-Profit-to-Asset %

For the Healthcare Plans subindustry, CVS Health's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-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.

CVS Health's Gross-Profit-to-Asset % Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, CVS Health's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where CVS Health's Gross-Profit-to-Asset % falls into.

CVS Health Gross-Profit-to-Asset % Calculation

CVS Health's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	49913.227	/	( (215491.6	+	229000.576)	/ 2 )
	=	49913.227	/	222246.088
	=	22.46 %

CVS Health's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	50897.168	/	( (235473.722	+	229000.576)	/ 2 )
	=	50897.168	/	232237.149
	=	21.92 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

CVS Health Gross-Profit-to-Asset % Related Terms

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CVS Health (WBO:CVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » CVS Health Corp (WBO:CVS) » Definitions » Gross-Profit-to-Asset %

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Address

One CVS Drive, Woonsocket, RI, USA, 02895

Website

https://www.cvshealth.com

CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.