10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Elevance Health's 10-Year ROIIC % for the quarter that ended in Dec. 2023 was 10.11%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Elevance Health's 10-Year ROIIC % or its related term are showing as below:
ELV's 10-Year ROIIC % is ranked better than 55.56% of 18
companies
in the Healthcare Plans industry
Industry Median: 6.865
vs ELV: 10.11
Elevance Health 10-Year ROIIC % Historical Data
The historical data trend for Elevance Health's 10-Year ROIIC % 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 Elevance Health's 10-Year ROIIC %
For the Healthcare Plans subindustry, Elevance Health's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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.
Elevance Health's 10-Year ROIIC % Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Elevance Health's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Elevance Health's 10-Year ROIIC % falls into.
Elevance Health 10-Year ROIIC % Calculation
Elevance Health's 10-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( 6790.4925 (Dec. 2023) - 3047.8294 (Dec. 2013) )
/
( 87948 (Dec. 2023) - 50925.175 (Dec. 2013) )
=
3742.6631
/
37022.825
=
10.11%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Elevance Health (NYSE:ELV) 10-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Elevance Health 10-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Elevance Health's 10-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Elevance Health (Elevance Health) Business Description
Elevance Health remains one of the leading health insurers in the U.S., providing medical benefits to 48 million medical members as of June 2023. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs such as Medicaid and Medicare Advantage plans, too.
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