Adapthealth Corp (AHCO)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -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 | 29,379 | 60,826 | 51,657 | 36,512 |
| Total assets | US$ in thousands | 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 | 546,538 | 256,627 | 255,866 | 255,231 |
| Operating ROA | -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% | 5.38% | 23.70% | 20.19% | 14.31% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-598,401K ÷ $4,508,650K
= -13.27%
Operating return on assets (ROA) is a financial ratio that measures a company's operating income generated per dollar of assets. In the case of AdaptHealth Corp, its operating ROA has shown variability over the past eight quarters. The trend indicates a decline in Q4 2023 compared to the previous quarter, with a value of 5.15%. This was an increase from the Q2 and Q3 2023 values of 3.08% and 3.34%, respectively. Furthermore, the operating ROA in Q4 2023 of 5.15% was higher than the values recorded in Q1 2023 and Q4 2022, showing fluctuation in performance. Overall, the analysis suggests that AdaptHealth Corp's operating ROA has been inconsistent in recent quarters, requiring further investigation to understand the factors driving the fluctuations.
Peer comparison
Dec 31, 2023