The Ensign Group Inc (ENSG)
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 | 209,399 | 248,179 | 240,495 | 234,193 | 224,681 | 212,950 | 204,052 | 195,786 | 194,652 | 192,233 | 188,012 | 178,835 | 170,478 | 151,551 | 135,650 | 124,011 | 110,534 | 109,500 | 103,202 | 96,604 |
| Total assets | US$ in thousands | 4,177,540 | 4,081,980 | 3,952,360 | 3,862,240 | 3,452,020 | 3,265,270 | 3,124,670 | 3,044,560 | 2,850,620 | 2,813,380 | 2,648,550 | 2,512,500 | 2,545,580 | 2,464,990 | 2,488,160 | 2,388,010 | 2,361,910 | 2,359,550 | 2,321,520 | 2,218,360 |
| ROA | 5.01% | 6.08% | 6.08% | 6.06% | 6.51% | 6.52% | 6.53% | 6.43% | 6.83% | 6.83% | 7.10% | 7.12% | 6.70% | 6.15% | 5.45% | 5.19% | 4.68% | 4.64% | 4.45% | 4.35% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $209,399K ÷ $4,177,540K
= 5.01%
Based on the data provided for Ensign Group Inc's return on assets (ROA) over the past eight quarters, we observe a relatively stable trend with slight fluctuations. The ROA has ranged between 5.01% and 6.53% during this period.
The highest ROA was recorded in Q3 2022 at 6.53%, followed closely by Q4 2022 and Q3 2022 at 6.52% and 6.51% respectively. Subsequently, there was a gradual decline in ROA in the first two quarters of 2023, reaching a low of 5.01% in Q4 2023.
Overall, Ensign Group Inc has maintained a healthy ROA above 5% throughout the analyzed period, indicating efficient utilization of its assets to generate profits. The slight fluctuations in ROA suggest potential shifts in the company's profitability and asset management strategies, which could be further explored to understand the underlying factors influencing its financial performance.
Peer comparison
Dec 31, 2023