Concentra Group Holdings Parent, Inc. (CON)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 179,947 | 166,727 | 208,875 |
| Total stockholders’ equity | US$ in thousands | 1,155,600 | 973,317 | — |
| ROE | 15.57% | 17.13% | — |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $179,947K ÷ $1,155,600K
= 15.57%
Concentra Group Holdings Parent, Inc.'s return on equity (ROE) has shown a declining trend from 17.13% in 2022 to 15.57% in 2023. This suggests that the company's ability to generate profit from shareholders' equity has slightly decreased over the past year. However, without data for 2021, it is difficult to analyze the overall trend. Further investigation into the company's financial performance and efficiency in utilizing shareholders' equity would be necessary to determine the underlying factors influencing the changes in ROE.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROE
Concentra Group Holdings Parent, Inc.
CON
15.57%
Acadia Healthcare Company Inc
ACHC
-0.78%