Concentra Group Holdings Parent, Inc. (CON)
Return on equity (ROE)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 120,553 | 128,957 | 123,484 | |||
| Total stockholders’ equity | US$ in thousands | 277,780 | 1,246,780 | 1,195,760 | 0 | — | 996,115 |
| ROE | 43.40% | 10.34% | 10.33% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $120,553K ÷ $277,780K
= 43.40%
Concentra Group Holdings Parent, Inc.'s return on equity (ROE) experienced a significant increase in the latest quarter, reaching 43.40% as of September 30, 2024. This sharp rise represents a substantial improvement from the previous quarter's ROE of 10.34% (as of June 30, 2024) and the quarter before that at 10.33% (as of March 31, 2024).
The notable surge in ROE could indicate improved efficiency in utilizing shareholder equity to generate profits or a reduction in liabilities, leading to higher returns for shareholders. It would be essential to further analyze the financial statements and factors contributing to this spike in ROE to determine the sustainability and underlying reasons for such a significant improvement.
Peer comparison
Sep 30, 2024