Concentra Group Holdings Parent, Inc. (CON)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 166,543 | 179,947 | 166,727 | 208,875 |
| Total assets | US$ in thousands | 2,521,160 | 2,333,560 | 2,297,240 | — |
| ROA | 6.61% | 7.71% | 7.26% | — |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $166,543K ÷ $2,521,160K
= 6.61%
Based on the data provided, Concentra Group Holdings Parent, Inc.'s return on assets (ROA) has shown some fluctuations over the years. The ROA was not available for December 31, 2021. However, for December 31, 2022, the ROA was 7.26%, indicating that the company generated a 7.26% return on every dollar of assets it holds. In the following year, on December 31, 2023, the ROA increased to 7.71%, suggesting improved efficiency in asset utilization. However, by December 31, 2024, the ROA decreased to 6.61%, possibly indicating a decline in the company's ability to generate profits relative to its assets.
Overall, the trend in ROA shows some variability, with fluctuations in performance. It is important for Concentra Group Holdings Parent, Inc. to analyze the factors contributing to these changes in ROA to make strategic decisions aimed at optimizing asset utilization and improving profitability.
Peer comparison
Dec 31, 2024