Mednax Inc (MD)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 7,321 | 172,688 | 202,918 | 98,132 | 171,756 |
| Total assets | US$ in thousands | 2,219,810 | 2,347,890 | 2,722,550 | 3,347,950 | 4,145,900 |
| Operating ROA | 0.33% | 7.36% | 7.45% | 2.93% | 4.14% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $7,321K ÷ $2,219,810K
= 0.33%
The operating return on assets (operating ROA) for Pediatrix Medical Group Inc has shown fluctuations over the past five years. In 2023, the operating ROA stood at 7.11%, a decrease from the previous year's figure of 8.52%. This decline may indicate a potential decrease in the efficiency of the company in generating operating income from its assets.
Comparing the 2023 operating ROA to earlier years, it is lower than the 8.00% recorded in 2021 and the 9.85% in 2019, suggesting a trend of decreasing returns over time. However, the 2023 figure is higher than the 5.14% reported in 2020, showing some improvement from the previous year.
Overall, the trend of fluctuating operating ROA values for Pediatrix Medical Group Inc raises the need for further analysis to understand the underlying reasons for these variations and to identify potential areas for operational improvement to enhance profitability and efficiency in utilizing the company's assets.
Peer comparison
Dec 31, 2023