AMN Healthcare Services Inc (AMN)

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	338,429	423,526	472,968	564,838	647,101	696,427	665,888	581,529	477,998	338,064	278,697	217,924	149,265	167,574	160,851	167,606	176,915	180,124	183,020	192,679
Total assets	US$ in thousands	2,924,390	2,654,770	2,644,140	2,881,060	2,888,350	3,018,260	3,008,780	3,248,670	3,131,910	2,709,000	2,632,440	2,643,120	2,353,510	2,344,860	2,364,820	2,460,130	1,931,650	1,861,070	1,856,090	1,637,820
Operating ROA		11.57%	15.95%	17.89%	19.61%	22.40%	23.07%	22.13%	17.90%	15.26%	12.48%	10.59%	8.24%	6.34%	7.15%	6.80%	6.81%	9.16%	9.68%	9.86%	11.76%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $338,429K ÷ $2,924,390K
= 11.57%

AMN Healthcare Services Inc.'s operating return on assets (operating ROA) has demonstrated a downward trend over the past year, decreasing from 22.40% in Q4 2022 to 11.57% in Q4 2023. This decline indicates a reduction in the company's ability to generate operating income from its assets.

Throughout the quarters in 2023, operating ROA has fluctuated, reaching a peak of 19.61% in Q1 and then decreasing to 11.57% in Q4. The highest operating ROA observed was 23.07% in Q3 2022.

The decreasing trend in operating ROA suggests that the company may be experiencing challenges in efficiently utilizing its assets to generate operating income. It is important for AMN Healthcare Services Inc. to closely monitor and address the factors contributing to this decline in operating ROA to ensure sustainable profitability and operational efficiency.