Concentra Group Holdings Parent, Inc. (CON)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 179,947 | 166,727 | 208,875 |
| Total assets | US$ in thousands | 2,333,560 | 2,297,240 | — |
| ROA | 7.71% | 7.26% | — |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $179,947K ÷ $2,333,560K
= 7.71%
Concentra Group Holdings Parent, Inc.'s return on assets (ROA) has shown a positive trend over the past two years, increasing from 7.26% in 2022 to 7.71% in 2023. The improvement in ROA indicates that the company is generating more profit relative to its total assets, which is a positive signal for investors and stakeholders. However, the absence of ROA data for 2021 makes it difficult to assess the overall performance trend across the three years. In order to further evaluate the company's efficiency in utilizing its assets to generate profits, it would be beneficial to compare Concentra Group Holdings Parent, Inc.'s ROA with industry benchmarks and perform a more in-depth analysis of its asset management strategies.
Peer comparison
Dec 31, 2023