DaVita HealthCare Partners Inc (DVA)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 691,535 | 560,400 | 978,450 | 773,642 | 810,981 |
| Total assets | US$ in thousands | 16,893,600 | 16,928,300 | 17,121,500 | 16,988,500 | 17,311,400 |
| ROA | 4.09% | 3.31% | 5.71% | 4.55% | 4.68% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $691,535K ÷ $16,893,600K
= 4.09%
DaVita Inc's return on assets (ROA) measures the company's efficiency in generating profits from its total assets. Over the past five years, DaVita's ROA has fluctuated, ranging from 3.31% to 5.71%. A lower ROA in 2022 compared to 2021 suggests a temporary decline in profitability for every dollar of assets, potentially indicating operational inefficiencies or increased asset utilization challenges. However, the subsequent improvement in 2023 to 4.09% reflects a positive trend towards better asset utilization and profitability. It is essential for the company to sustain or further enhance this positive ROA trend to ensure effective management of its assets and continued financial success.
Peer comparison
Dec 31, 2023