HCA Holdings Inc (HCA)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,242,000 | 5,643,000 | 6,956,000 | 3,754,000 | 3,505,000 |
| Total assets | US$ in thousands | 56,211,000 | 52,438,000 | 50,742,000 | 47,490,000 | 45,058,000 |
| ROA | 9.33% | 10.76% | 13.71% | 7.90% | 7.78% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $5,242,000K ÷ $56,211,000K
= 9.33%
HCA Healthcare Inc's return on assets (ROA) has shown some fluctuations over the past five years. The ROA decreased from 2018 to 2019, but then increased steadily in 2020 and 2021 before slightly declining in 2022 and 2023. The company's ROA was 9.33% in 2023, down from 10.76% in 2022.
HCA Healthcare Inc's ROA performance in 2023 indicates that for each dollar of assets the company holds, it generated a return of 9.33 cents. This implies that the company's management may need to focus on optimizing the utilization of its assets to improve profitability. Further analysis and comparison with industry peers may provide additional insights into the company's asset efficiency.
Peer comparison
Dec 31, 2023