Encompass Health Corp (EHC)
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 | 352,000 | 353,800 | 313,900 | 271,200 | 271,000 | 273,200 | 327,800 | 392,400 | 412,200 | 406,600 | 384,300 | 304,500 | 284,200 | 265,800 | 285,700 | 343,400 | 358,700 | 319,200 | 310,200 | 310,800 |
| Total assets | US$ in thousands | 6,102,400 | 5,964,300 | 5,860,900 | 5,747,300 | 5,636,500 | 5,475,900 | 7,082,200 | 6,944,000 | 6,864,900 | 6,721,700 | 6,612,900 | 6,542,200 | 6,445,900 | 6,610,500 | 6,502,500 | 6,137,700 | 6,080,700 | 6,386,800 | 5,812,100 | 5,583,800 |
| ROA | 5.77% | 5.93% | 5.36% | 4.72% | 4.81% | 4.99% | 4.63% | 5.65% | 6.00% | 6.05% | 5.81% | 4.65% | 4.41% | 4.02% | 4.39% | 5.59% | 5.90% | 5.00% | 5.34% | 5.57% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $352,000K ÷ $6,102,400K
= 5.77%
Encompass Health Corp's return on assets (ROA) has shown some fluctuations over the past eight quarters. The ROA ranged between 4.62% to 5.90% during this period.
In Q3 2023, the ROA was 5.90%, indicating that the company generated a higher return on its assets compared to the previous quarter. This suggests improved efficiency in asset utilization and profitability. However, in Q1 2023, the ROA was at 4.69%, the lowest return during the period, which may reflect challenges in generating earnings from its assets.
Overall, Encompass Health Corp's ROA has generally been stable around the 5% range, signaling a decent performance in utilizing its assets to generate profits. Management should continue to focus on optimizing asset efficiency to maintain or improve ROA in the future.
Peer comparison
Dec 31, 2023