Enhabit Inc. (EHAB)

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
Net income (ttm)	US$ in thousands	-80,500	-169,300	-158,300	-63,800
Total assets	US$ in thousands	1,433,600	1,450,900	1,426,200	1,527,000	1,526,800	1,622,900	1,621,400
ROA		-5.62%	-11.67%	-11.10%	-4.18%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-80,500K ÷ $1,433,600K
= -5.62%

The return on assets (ROA) for Enhabit Inc. has shown a negative trend over the past several quarters, indicating that the company is not effectively generating profits from its assets. The ROA was -5.62% at Dec 31, 2023, declining further to -11.67% at Sep 30, 2023, and then to -11.10% at Jun 30, 2023. The most recent data available, as of Mar 31, 2023, shows a minor improvement with an ROA of -4.18%, although it remains negative.

This negative trend in ROA suggests that Enhabit Inc. may be facing challenges in efficiently utilizing its assets to generate profits. It is important for the company to address inefficiencies in asset management and seek ways to improve profitability in order to enhance overall financial performance.