HCA Holdings Inc (HCA)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 21,608,000 | 20,962,000 | 20,874,000 | 20,624,000 | 20,223,000 | 20,372,000 | 21,469,000 | 21,257,000 | 20,892,000 | 20,391,000 | 18,622,000 | 16,713,000 | 15,422,000 | 24,313,000 | 23,423,000 | 24,155,000 | 24,684,000 | 23,435,000 | 23,319,000 | 23,107,000 |
| Total assets | US$ in thousands | 56,211,000 | 54,589,000 | 53,594,000 | 52,711,000 | 52,438,000 | 51,484,000 | 51,584,000 | 52,208,000 | 50,742,000 | 49,562,000 | 48,164,000 | 47,277,000 | 47,490,000 | 51,016,000 | 48,709,000 | 45,421,000 | 45,058,000 | 43,912,000 | 45,449,000 | 43,379,000 |
| Operating ROA | 38.44% | 38.40% | 38.95% | 39.13% | 38.57% | 39.57% | 41.62% | 40.72% | 41.17% | 41.14% | 38.66% | 35.35% | 32.47% | 47.66% | 48.09% | 53.18% | 54.78% | 53.37% | 51.31% | 53.27% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $21,608,000K ÷ $56,211,000K
= 38.44%
The operating return on assets (operating ROA) for HCA Healthcare Inc has remained relatively stable over the past eight quarters, fluctuating between 16.92% and 18.28%. The highest operating ROA was observed in Q2 2022 at 18.28%, while the lowest was in Q3 2023 at 16.92%. Overall, the operating ROA has generally been above 17%, indicating that the company is generating positive returns from its operational activities relative to its assets. This consistent performance suggests that HCA Healthcare Inc is effectively utilizing its assets to generate operating income.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating ROA
HCA Holdings Inc
HCA
38.44%
Tenet Healthcare Corporation
THC
8.87%
Universal Health Services Inc
UHS
8.42%