Acadia Healthcare Company Inc (ACHC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -21,667 | 273,139 | 190,635 | -672,132 | 108,923 |
| Total assets | US$ in thousands | 5,358,840 | 4,987,900 | 4,768,080 | 6,499,360 | 6,879,140 |
| ROA | -0.40% | 5.48% | 4.00% | -10.34% | 1.58% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-21,667K ÷ $5,358,840K
= -0.40%
The return on assets (ROA) of Acadia Healthcare Company Inc has exhibited fluctuations over the past five years. In 2023, the ROA was negative at -0.40%, indicating that the company's net income generated from its assets was insufficient to cover the total assets. This represents a deteriorating financial performance compared to the positive ROA of 5.48% in 2022 and 4.00% in 2021, which reflects higher profitability in those years.
In 2020, the ROA was notably negative at -10.34%, suggesting a substantial loss relative to its asset base. However, Acadia Healthcare rebounded in 2019 with an ROA of 1.58%, reflecting improved profitability compared to the previous year.
Overall, the fluctuation in ROA indicates variable efficiency in generating profits from the company's assets over the analyzed period. Further analysis and investigation into the factors contributing to these fluctuations would be crucial in understanding the underlying financial performance of Acadia Healthcare Company Inc.
Peer comparison
Dec 31, 2023