The Ensign Group Inc (ENSG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 297,973 | 209,399 | 224,681 | 194,652 | 170,478 |
| Total assets | US$ in thousands | 4,669,360 | 4,177,540 | 3,452,020 | 2,850,620 | 2,545,580 |
| ROA | 6.38% | 5.01% | 6.51% | 6.83% | 6.70% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $297,973K ÷ $4,669,360K
= 6.38%
The Return on Assets (ROA) of The Ensign Group Inc has shown some fluctuations over the years. The ROA increased from 6.70% in December 31, 2020, to 6.83% in December 31, 2021, indicating improved efficiency in generating profits from its assets. However, there was a slight decrease in ROA to 6.51% in December 31, 2022, which could be a sign of potential issues in asset management or declining profitability.
The most significant drop in ROA was observed in December 31, 2023, falling to 5.01%, which could suggest challenges in effectively utilizing assets to generate profits or decreasing profitability levels. However, there was a moderate recovery in ROA to 6.38% by December 31, 2024.
Overall, while The Ensign Group Inc has shown variability in its ROA over the years, it is essential for stakeholders to closely monitor and analyze the company's asset utilization and profitability trends to ensure sustainable performance and efficiency in generating returns from its assets.
Peer comparison
Dec 31, 2024