DaVita HealthCare Partners Inc (DVA)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,602,780 | 1,339,060 | 1,797,370 | 1,694,640 | 1,643,320 |
| Total assets | US$ in thousands | 16,893,600 | 16,928,300 | 17,121,500 | 16,988,500 | 17,311,400 |
| Operating ROA | 9.49% | 7.91% | 10.50% | 9.98% | 9.49% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,602,780K ÷ $16,893,600K
= 9.49%
DaVita Inc's operating return on assets (operating ROA) has fluctuated over the past five years. In 2023, the operating ROA was 9.48%, showing an increase from the previous year's 7.75%. This improvement indicates that DaVita Inc generated 9.48 cents of operating income for each dollar of assets in 2023.
Comparing to 2021 and 2020, where the operating ROA was 10.34% and 9.91% respectively, the 2023 ratio is lower, suggesting a slight decline in the company's operational efficiency in generating profits from its assets.
Moreover, the operating ROA in 2019 was 10.14%, slightly higher than in 2023, indicating a relative stability in the company's ability to generate income from its assets over time. However, further analysis of the company's financial performance and operational effectiveness would be necessary to understand the factors contributing to these fluctuations in the operating ROA.
Peer comparison
Dec 31, 2023