Quest Diagnostics Incorporated (DGX)
Return on assets (ROA)
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 871,000 | 841,000 | 840,000 | 846,000 | 854,000 | 763,000 | 792,000 | 790,000 | 942,000 | 1,230,000 | 1,479,000 | 1,874,000 | 1,988,000 | 2,175,000 | 2,238,000 | 1,794,000 | 1,425,000 | 1,102,000 | 750,000 | 772,000 |
Total assets | US$ in thousands | 16,153,000 | 16,095,000 | 13,881,000 | 13,954,000 | 14,022,000 | 13,482,000 | 13,425,000 | 12,794,000 | 12,837,000 | 13,223,000 | 13,312,000 | 13,442,000 | 13,611,000 | 13,572,000 | 12,861,000 | 13,931,000 | 14,026,000 | 14,143,000 | 12,990,000 | 12,049,000 |
ROA | 5.39% | 5.23% | 6.05% | 6.06% | 6.09% | 5.66% | 5.90% | 6.17% | 7.34% | 9.30% | 11.11% | 13.94% | 14.61% | 16.03% | 17.40% | 12.88% | 10.16% | 7.79% | 5.77% | 6.41% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $871,000K ÷ $16,153,000K
= 5.39%
Quest Diagnostics Incorporated's return on assets (ROA) has shown fluctuations over the reported periods. ROA measures the company's efficiency in generating profits from its assets.
From March 31, 2020, to June 30, 2022, ROA exhibited an increasing trend, reaching a peak of 17.40% on June 30, 2021. This suggests that Quest Diagnostics effectively utilized its assets to generate higher returns during this period.
However, starting from September 30, 2022, ROA began to decline gradually. The values dropped to 5.23% on September 30, 2024. This downward trend indicates a potential decrease in the company's profitability concerning its asset base.
Despite the fluctuations, Quest Diagnostics' ROA generally remained above 5%, indicating that the company has been able to generate a reasonable level of returns from its assets. Investors and stakeholders should closely monitor this metric to assess the company's ability to generate profits relative to its asset base in the future.
Peer comparison
Dec 31, 2024