Amedisys Inc (AMED)

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	156,405	168,628	165,348	175,148	180,769	182,690	200,559	231,094	251,943	265,937	272,437	244,234	219,255	198,702	182,202	177,021	177,475	172,302	165,390	163,467
Total assets	US$ in thousands	2,060,170	2,027,420	1,982,400	1,946,960	1,976,240	1,982,130	2,000,990	1,908,390	1,856,970	1,937,640	1,599,560	1,573,210	1,567,200	1,602,720	1,645,490	1,440,080	1,262,740	1,212,380	1,205,860	1,184,240
Operating ROA		7.59%	8.32%	8.34%	9.00%	9.15%	9.22%	10.02%	12.11%	13.57%	13.72%	17.03%	15.52%	13.99%	12.40%	11.07%	12.29%	14.05%	14.21%	13.72%	13.80%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $156,405K ÷ $2,060,170K
= 7.59%

Amedisys Inc.'s operating return on assets (operating ROA) has shown some variability over the past eight quarters.

In Q4 2023, the operating ROA was 9.37%, which was higher compared to the previous quarter at 8.56% in Q3 2023. This increase indicates that the company generated more operating income relative to its assets in the most recent quarter.

Looking further back, in Q2 and Q1 2023, the operating ROA was relatively stable at 8.49% and 9.15% respectively. This suggests that the company was able to maintain a consistent level of operating efficiency during that period.

In comparison to Q4 2022, where the operating ROA was 9.30%, there was a slight improvement in Q4 2023. However, it is worth noting that the operating ROA was higher in Q2 and Q1 2022 at 10.02% and 11.86% respectively, indicating stronger operating performance during those periods.

Overall, Amedisys Inc.'s operating ROA has fluctuated within a relatively narrow range over the past two years, with some quarters performing better than others. This metric provides insight into the company's ability to generate operating income from its assets and indicates its operational efficiency and profitability over time.