Healthcare Services Group Inc (HCSG)
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 | 38,386 | 31,947 | 37,763 | 35,985 | 34,630 | 20,576 | 29,794 | 32,539 | 45,863 | 71,505 | 89,609 | 103,145 | 98,682 | 89,830 | 80,530 | 75,615 | 64,581 | 77,238 | 84,980 | 92,608 |
| 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 |
| ROA | 4.85% | 4.26% | 4.96% | 5.00% | 4.80% | 2.85% | 4.03% | 4.36% | 5.90% | 9.01% | 10.95% | 13.18% | 12.57% | 11.91% | 10.93% | 10.33% | 8.94% | 10.63% | 11.97% | 12.81% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $38,386K ÷ $790,652K
= 4.85%
Healthcare Services Group, Inc.'s return on assets (ROA) has fluctuated over the past eight quarters, ranging from 2.85% to 5.00%. The Q1 and Q4 of 2023 showed relatively high ROA figures of 5.00% and 4.85%, respectively, indicating the company's ability to generate profits relative to its total assets during those periods. The ROA performance in Q2 and Q3 of 2023 was also solid, with figures of 4.96% and 4.26%, respectively.
Comparing the latest quarters to the same periods in 2022, the company has shown overall improvement in ROA. In Q1 and Q4 of 2022, the ROA stood at 4.36% and 4.82%, respectively. Notably, there was a significant increase in Q1 2023 compared to Q1 2022, indicating improved efficiency in asset utilization and profitability.
Despite a slight dip in Q3 2022 with an ROA of 2.85%, the company managed to bounce back and maintain a generally positive trend in subsequent quarters. Overall, Healthcare Services Group, Inc. has demonstrated a relatively stable and improving ROA performance over the past two years, reflecting efficient management of assets to generate profits.