Adapthealth Corp (AHCO)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 263,732 | -51,739 | -576,262 | -574,047 | -598,401 | -353,865 | 160,120 | 165,036 | 190,411 | 232,758 | 255,519 | 261,748 | 225,605 | 190,823 | 128,372 | 78,535 | 71,346 | 37,445 | 32,910 | 32,251 |
| Total assets | US$ in thousands | 4,486,950 | 4,469,940 | 4,510,910 | 4,503,690 | 4,508,650 | 4,725,250 | 5,203,010 | 5,283,440 | 5,219,590 | 5,237,980 | 5,202,010 | 5,204,340 | 5,250,480 | 5,191,720 | 4,687,660 | 4,520,070 | 1,813,470 | 1,556,270 | 742,467 | 665,004 |
| Operating ROA | 5.88% | -1.16% | -12.77% | -12.75% | -13.27% | -7.49% | 3.08% | 3.12% | 3.65% | 4.44% | 4.91% | 5.03% | 4.30% | 3.68% | 2.74% | 1.74% | 3.93% | 2.41% | 4.43% | 4.85% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $263,732K ÷ $4,486,950K
= 5.88%
Adapthealth Corp's operating return on assets (ROA) has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The operating ROA started at 4.85% in March 2020, indicating that the company generated $0.0485 in operating income for every $1 of assets.
The operating ROA decreased to 2.41% by September 2020, reflecting a decline in the company's operating efficiency in utilizing its assets. However, there was a slight improvement to 3.93% by December 2020 before dropping to 1.74% in March 2021. This downward trend reversed, and the operating ROA gradually increased to 5.03% by March 2022, marking a period of improved operational performance and asset utilization.
Subsequently, the operating ROA remained relatively stable around the 4% range from June 2022 to September 2023, indicating consistent but moderate operating efficiency. However, there was a significant decline in the operating ROA to -13.27% by December 2023, indicating operational losses exceeding the value of assets employed.
The negative trend continued into the first half of 2024, with operating ROA remaining in negative territory. Notably, by December 31, 2024, the operating ROA rebounded to 5.88%, suggesting a potential recovery in operational performance and asset utilization for Adapthealth Corp.
Overall, the analysis of Adapthealth Corp's operating ROA reveals a mix of fluctuations and challenges in efficiently generating operating income from its assets, with periods of both growth and decline in operating efficiency over the analyzed timeframe.
Peer comparison
Dec 31, 2024