HealthStream Inc (HSTM)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 15,213 | 12,091 | 5,845 | 14,091 | 15,770 |
| Total assets | US$ in thousands | 499,942 | 497,741 | 486,753 | 500,313 | 489,544 |
| ROA | 3.04% | 2.43% | 1.20% | 2.82% | 3.22% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $15,213K ÷ $499,942K
= 3.04%
Healthstream Inc's return on assets (ROA) has shown variability over the past five years. The ROA increased from 2.82% in 2020 to 3.22% in 2019 before declining to 1.20% in 2021. However, there was a significant improvement in 2022 and 2023, with the ROA reaching 2.43% and 3.04%, respectively.
Overall, this indicates that Healthstream Inc's ability to generate profits from its assets has been mixed in recent years. The company managed to improve its ROA in the most recent years, which can be a positive sign of operational efficiency and asset utilization. It would be essential to further investigate the factors contributing to these fluctuations in ROA to assess the company's financial performance more accurately.
Peer comparison
Dec 31, 2023