The Ensign Group Inc (ENSG)
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 | 255,367 | 296,825 | 260,465 | 223,155 | 129,180 |
| Total assets | US$ in thousands | 4,177,540 | 3,452,020 | 2,850,620 | 2,545,580 | 2,361,910 |
| Operating ROA | 6.11% | 8.60% | 9.14% | 8.77% | 5.47% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $255,367K ÷ $4,177,540K
= 6.11%
Ensign Group Inc's operating return on assets (operating ROA) has shown fluctuating performance over the past five years. The operating ROA decreased from 5.47% in 2019 to 8.77% in 2020, followed by a slight decrease to 9.14% in 2021. However, in the subsequent years, there was a declining trend with operating ROA dropping to 8.60% in 2022 and further declining to 6.11% in 2023.
The declining trend in operating ROA suggests potential challenges in the company's operational efficiency and profitability in recent years. It is important for the company to closely monitor and address the factors impacting its operating ROA to enhance overall performance and shareholder value in the future.
Peer comparison
Dec 31, 2023