Concentra Group Holdings Parent, Inc. (CON)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 287,382 | 258,217 | 270,265 |
| Total assets | US$ in thousands | 2,333,560 | 2,297,240 | — |
| Operating ROA | 12.32% | 11.24% | — |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $287,382K ÷ $2,333,560K
= 12.32%
Concentra Group Holdings Parent, Inc.'s operating return on assets (operating ROA) has shown a consistent upward trend over the past two years. As of December 31, 2023, the operating ROA stands at 12.32%, marking an improvement from the previous year's figure of 11.24% on December 31, 2022. This indicates that the company has been able to generate more operating income relative to its total assets, reflecting efficient asset utilization and operational performance. However, it is worth noting that the operating ROA for December 31, 2021, is not provided in the data, preventing a complete analysis of the trend across all three years. Overall, the increasing trend in operating ROA suggests that Concentra Group Holdings Parent, Inc. has been successful in maximizing its operational efficiency and profitability in recent years.
Peer comparison
Dec 31, 2023