Mednax Inc (MD)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 146,253 | -4,528 | 1,917 | 1,652 | 7,321 | 174,828 | 181,943 | 183,600 | 192,667 | 204,655 | 216,061 | 215,922 | 202,918 | 167,218 | 128,884 | 113,776 | 100,790 | 133,236 | -1,246,983 | -1,201,391 |
| Total assets | US$ in thousands | 2,152,700 | 2,076,870 | 1,995,350 | 2,168,160 | 2,219,810 | 2,326,340 | 2,305,510 | 2,320,050 | 2,347,890 | 2,331,960 | 2,369,620 | 2,340,980 | 2,722,550 | 2,646,100 | 2,555,130 | 2,483,740 | 3,347,950 | 3,424,830 | 3,387,210 | 4,319,660 |
| Operating ROA | 6.79% | -0.22% | 0.10% | 0.08% | 0.33% | 7.52% | 7.89% | 7.91% | 8.21% | 8.78% | 9.12% | 9.22% | 7.45% | 6.32% | 5.04% | 4.58% | 3.01% | 3.89% | -36.81% | -27.81% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $146,253K ÷ $2,152,700K
= 6.79%
Mednax Inc's operating return on assets (ROA) has shown significant fluctuations over the quarters analyzed. The operating ROA started at a negative level in March 2020 and June 2020, indicating that the company was not generating profits from its operational activities efficiently in those quarters. However, there was a significant improvement in September 2020 when the operating ROA turned positive, reaching 3.89%.
From December 2020 to June 2022, Mednax Inc continued to improve its operating ROA steadily, with consistent increases quarter over quarter. The operating ROA reached its peak at 9.22% in March 2022. This indicates that the company was effectively utilizing its assets to generate operating profits during this period.
However, from September 2022 to December 2024, there was a slight decline in the operating ROA, though it remained positive for the most part. The fluctuation in the operating ROA during this period suggests some variability in the company's operational efficiency and profitability.
Notably, there was a significant drop in the operating ROA to -0.22% in September 2024, indicating that the company's operating profits were insufficient to cover its asset base in that quarter. The operating ROA recovered in the following quarter, reaching 6.79% in December 2024.
Overall, Mednax Inc's operating ROA showed both positive and negative trends over the quarters analyzed, indicating fluctuations in the company's operational performance and efficiency in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2024