Adapthealth Corp (AHCO)

Return on assets (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
Net income (ttm)	US$ in thousands	-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	-21,340	10,263	14,467	17,240
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
ROA		-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%	-3.90%	4.00%	5.65%	6.75%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-678,895K ÷ $4,508,650K
= -15.06%

AdaptHealth Corp's return on assets (ROA) has shown a declining trend over the past few quarters. In Q4 2023, the ROA was -15.06%, indicating a negative return on the company's assets. This was a significant decrease from the previous quarter's ROA of -9.08%.

The negative ROA in Q4 2023 suggests that the company's assets were not effectively utilized to generate profits. The ROA improved in the previous two quarters (Q2 and Q3 2023), but it remained relatively low compared to the same quarters in 2022.

The highest ROA in the data provided was in Q1 2022 at 3.54%, indicating that the company was most efficient in generating profits from its assets during that period. However, there has been a clear downward trend in ROA since then, indicating potential inefficiencies in asset utilization or declining profitability.

Overall, the ROA trend for AdaptHealth Corp suggests a need for further analysis and potentially strategic changes to improve the company's efficiency in generating profits from its assets.