Chemed Corp (CHE)
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 | 272,509 | 244,582 | 226,497 | 239,576 | 249,624 | 262,123 | 277,253 | 267,319 | 268,550 | 307,677 | 303,396 | 328,975 | 319,466 | 271,294 | 262,519 | 231,147 | 219,923 | 208,671 | 200,973 | 205,215 |
| Total assets | US$ in thousands | 1,668,100 | 1,562,080 | 1,505,180 | 1,431,180 | 1,442,010 | 1,356,200 | 1,312,960 | 1,305,760 | 1,342,720 | 1,318,130 | 1,383,800 | 1,458,130 | 1,434,910 | 1,366,950 | 1,291,190 | 1,277,560 | 1,268,320 | 1,232,580 | 1,094,070 | 1,069,830 |
| ROA | 16.34% | 15.66% | 15.05% | 16.74% | 17.31% | 19.33% | 21.12% | 20.47% | 20.00% | 23.34% | 21.92% | 22.56% | 22.26% | 19.85% | 20.33% | 18.09% | 17.34% | 16.93% | 18.37% | 19.18% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $272,509K ÷ $1,668,100K
= 16.34%
Chemed Corp.'s return on assets (ROA) has shown a decreasing trend over the past eight quarters. The ROA decreased from 20.47% in Q1 2022 to 16.34% in Q4 2023. This suggests that the company's ability to generate earnings from its assets has declined over the period. However, it is worth noting that even though the ROA has been decreasing, it has remained above 15% throughout the period, indicating that Chemed Corp. is still efficient in utilizing its assets to generate profit. Further analysis of the company's financial performance and efficiency measures may be necessary to understand the factors driving the changes in ROA.
Peer comparison
Dec 31, 2023