Amedisys Inc (AMED)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	156,400	180,772	251,915	219,268	177,500
Total assets	US$ in thousands	2,060,170	1,976,240	1,856,970	1,567,200	1,262,740
Operating ROA		7.59%	9.15%	13.57%	13.99%	14.06%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $156,400K ÷ $2,060,170K
= 7.59%

Amedisys Inc.'s operating return on assets (operating ROA) has shown a gradual decline over the past five years, dropping from 14.17% in 2019 to 9.37% in 2023. This indicates a decrease in the company's ability to generate operating income from its assets over this period. The peak was observed in 2021 at 12.85%, followed by a slight decrease in 2022 to 9.30%. This downward trend suggests potential inefficiencies in asset utilization or a decline in operating profitability relative to the size of the asset base. Further analysis of the company's operating performance and asset management practices may be needed to identify factors contributing to this decline in operating ROA.