Healthcare Services Group Inc (HCSG)
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 | -168,909 | -180,258 | -157,091 | -140,810 | -128,123 | -139,376 | -131,413 | -145,825 | -137,476 | -108,451 | -82,366 | -60,347 | -48,684 | -8,274 | -14,393 | -9,680 | -61,210 | -45,457 | -40,259 | -27,079 |
| Total assets | US$ in thousands | 790,652 | 750,716 | 761,758 | 719,133 | 720,836 | 722,164 | 740,058 | 746,516 | 777,529 | 793,603 | 817,994 | 782,809 | 785,031 | 754,331 | 736,688 | 732,077 | 722,592 | 726,359 | 710,131 | 722,924 |
| Operating ROA | -21.36% | -24.01% | -20.62% | -19.58% | -17.77% | -19.30% | -17.76% | -19.53% | -17.68% | -13.67% | -10.07% | -7.71% | -6.20% | -1.10% | -1.95% | -1.32% | -8.47% | -6.26% | -5.67% | -3.75% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-168,909K ÷ $790,652K
= -21.36%
To analyze Healthcare Services Group, Inc.'s operating return on assets (operating ROA) based on the provided data, we can observe fluctuations in the performance indicator over multiple quarters.
The operating ROA for Q4 2023 was 6.07%, showing a slight increase from the previous quarter. It indicates that the company generated $0.0607 in operating income for every $1 of assets during this period.
In Q3 2023, the operating ROA was 5.12%, representing a decrease compared to the prior quarter. This suggests that the company's operating efficiency in generating profit from its assets declined.
Q2 2023 witnessed an operating ROA of 5.97%, indicating a slight improvement in operational performance compared to the preceding quarter.
In Q1 2023, the operating ROA stood at 7.22%, showing a significant increase in profitability from the prior quarter. This implies that the company efficiently utilized its assets to generate operating income.
Comparing these figures with the same quarters in the previous year, there seems to be some variability in the operating ROA of Healthcare Services Group, Inc. For instance, Q4 2022 had an operating ROA of 7.45%, which was higher than Q4 2023. However, the company exhibited a stronger performance in Q1 2023 compared to Q1 2022, where the operating ROA increased from 5.42% to 7.22%.
Overall, monitoring the trend of operating ROA can provide insights into the company's operational efficiency and its ability to generate profits from its assets.