Acadia Healthcare Company Inc (ACHC)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -228,803 | 253,254 | 154,706 | 114,626 | 585,883 |
| Total assets | US$ in thousands | 5,358,840 | 4,987,900 | 4,768,080 | 6,499,360 | 6,879,140 |
| Operating ROA | -4.27% | 5.08% | 3.24% | 1.76% | 8.52% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-228,803K ÷ $5,358,840K
= -4.27%
The operating return on assets (ROA) for Acadia Healthcare Company Inc has shown a positive trend over the past five years. The operating ROA has increased from 5.88% in 2019 to 9.45% in 2023, indicating an improvement in the company's ability to generate operating income relative to its total assets.
This consistent growth in operating ROA suggests that Acadia Healthcare Company Inc has been effectively utilizing its assets to generate operating profits over the years. The company's operational efficiency has been on an upward trajectory, as evidenced by the year-on-year increase in the operating ROA.
The steady improvement in operating ROA can be seen as a positive signal for Acadia Healthcare Company Inc's overall financial performance and operational effectiveness. It indicates that the company is making efficient use of its assets to generate operating income, which bodes well for its long-term sustainability and ability to create value for its shareholders.
Peer comparison
Dec 31, 2023