Adapthealth Corp (AHCO)

Return on assets (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
Net income (ttm) US$ in thousands 90,422 -214,343 -691,278 -696,736 -678,895 -426,980 43,218 43,273 69,316 94,846 136,816 201,891 156,175 52,717 -56,410 -131,047 -161,632 -90,887 -43,538 -50,091
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
ROA 2.02% -4.80% -15.32% -15.47% -15.06% -9.04% 0.83% 0.82% 1.33% 1.81% 2.63% 3.88% 2.97% 1.02% -1.20% -2.90% -8.91% -5.84% -5.86% -7.53%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $90,422K ÷ $4,486,950K
= 2.02%

Adapthealth Corp's return on assets (ROA) has exhibited fluctuations over the past few years. The ROA was negative for the most part in 2020 and 2021, indicating that the company was not efficiently utilizing its assets to generate profits during those periods. However, there was a notable improvement in ROA starting from March 31, 2022, where the percentage turned positive and continued to increase through December 31, 2022.

Although there was a slight decline in ROA in the following quarters, the metric remained positive until September 30, 2023, when it sharply dropped to negative territory once again. This decline continued into 2024, with ROA remaining negative for several quarters before rebounding to a positive figure by December 31, 2024. Overall, Adapthealth Corp's ROA appears to have experienced volatility, indicating varying levels of efficiency in leveraging its assets for profitability during the period under review.