Elevance Health (MIL:1ANTM) Gross-Profit-to-Asset % : 154.50% (As of Mar. 2024)

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What is Elevance 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. Elevance Health's annualized Gross Profit for the quarter that ended in Mar. 2024 was €156,683 Mil. Elevance Health's average Total Assets over the quarter that ended in Mar. 2024 was €101,415 Mil. Therefore, Elevance Health's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 154.50%.

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

The historical data trend for Elevance 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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Elevance Health Gross-Profit-to-Asset % Chart

Elevance Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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141.45

142.19

155.85

161.34

159.60

Elevance Health Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															158.47	159.16	157.23	153.81	154.50

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

For the Healthcare Plans subindustry, Elevance 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.

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

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

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

Elevance Health Gross-Profit-to-Asset % Calculation

Elevance 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 )
	=	157118.78	/	( (97000.72	+	99886.976)	/ 2 )
	=	157118.78	/	98443.848
	=	159.60 %

Elevance Health's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	156683.36	/	( (99886.976	+	102942.48)	/ 2 )
	=	156683.36	/	101414.728
	=	154.50 %

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 (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

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

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Elevance Health (MIL:1ANTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Elevance Health Inc (MIL:1ANTM) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

ELV:USA ELV:Mexico A58:Germany A58:Germany

Address

220 Virginia Avenue, Indianapolis, IN, USA, 46204

Website

https://www.elevancehealth.com

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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