Name: Return on Assets (ROA)

Definition: ROA shows how efficiently the company turns everything it owns — its entire asset base — into net profit after all costs and taxes. A higher ROA means the business squeezes more profit from its assets. Lower ROA might reflect poor asset utilization or heavy reliance on expensive financing.

Interpretation:
• In '2021', ELV's return on assets was 6.3%, representing returns generated from total assets. Industry average for Medical Specialities in '2021' stood at -29.3%.
• In '2022', ELV's return on assets was 5.9%, representing returns generated from total assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for Medical Specialities in '2022' stood at -37.9%. Industry average declined by 8.6% from previous year.
• In '2023', ELV's return on assets was 5.7%, representing returns generated from total assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Medical Specialities in '2023' stood at -34.7%. Industry average increased by 3.2% compared to previous year.
• In '2024', ELV's return on assets was 5.3%, representing returns generated from total assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Medical Specialities in '2024' stood at -30.4%. Industry average increased by 4.3% compared to previous year.
Overall, ELV's return on assets has remained generally stable over the past 4 years.

Formula: ROA = Net Income / Total Assets

Good Range: Commonly 5%-15%.