DaVita HealthCare Partners Inc (DVA)
Return on assets (ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 691,535 | 608,973 | 467,707 | 513,825 | 560,400 | 679,770 | 834,158 | 903,169 | 978,450 | 964,750 | 863,670 | 771,452 | 773,642 | 844,740 | 829,336 | 901,285 | 810,981 | 416,338 | 136,272 | 129,997 |
| Total assets | US$ in thousands | 16,893,600 | 16,928,700 | 16,958,800 | 16,727,800 | 16,928,300 | 16,961,800 | 17,100,600 | 17,087,000 | 17,121,500 | 17,633,900 | 17,810,300 | 17,647,300 | 16,988,500 | 17,046,700 | 19,305,100 | 17,596,300 | 17,311,400 | 17,451,800 | 19,931,000 | 22,605,900 |
| ROA | 4.09% | 3.60% | 2.76% | 3.07% | 3.31% | 4.01% | 4.88% | 5.29% | 5.71% | 5.47% | 4.85% | 4.37% | 4.55% | 4.96% | 4.30% | 5.12% | 4.68% | 2.39% | 0.68% | 0.58% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $691,535K ÷ $16,893,600K
= 4.09%
To analyze DaVita Inc's return on assets (ROA) over the last eight quarters, we observe a fluctuating trend. In Q4 2023, the ROA stands at 4.09%, representing a slight increase from the previous quarter's 3.60%. The ROA had seen a decline in Q2 2023 to 2.76% but then improved to 3.07% in Q1 2023.
Comparing year-over-year data, Q4 2023's ROA of 4.09% is slightly lower than Q4 2022's 3.31%. The trend over the past year has shown some variability, with ROA peaking at 5.29% in Q1 2022 and hitting a low of 2.76% in Q2 2023.
These fluctuations suggest that DaVita Inc's ability to generate profits from its assets has not been consistent. It is essential for the company to focus on improving efficiency and profitability to enhance its ROA performance and create sustainable value for its stakeholders.
Peer comparison
Dec 31, 2023