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.
Peer comparison
Dec 31, 2023