Mednax Inc (MD)
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 | 7,321 | 154,849 | 161,964 | 163,621 | 172,688 | 204,655 | 216,061 | 215,922 | 202,918 | 167,218 | 128,884 | 113,433 | 98,132 | 105,971 | 134,080 | 142,570 | 171,756 | 237,165 | 292,805 | 372,143 |
| Total assets | US$ in thousands | 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 | 4,145,900 | 4,290,660 | 5,638,810 | 5,706,260 |
| Operating ROA | 0.33% | 6.66% | 7.03% | 7.05% | 7.36% | 8.78% | 9.12% | 9.22% | 7.45% | 6.32% | 5.04% | 4.57% | 2.93% | 3.09% | 3.96% | 3.30% | 4.14% | 5.53% | 5.19% | 6.52% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $7,321K ÷ $2,219,810K
= 0.33%
Pediatrix Medical Group Inc's operating return on assets (operating ROA) has shown a declining trend over the past eight quarters. In Q4 2022, the operating ROA was at its peak at 9.71%, but since then, it has decreased steadily to 7.11% in Q4 2023. This suggests that the company may be facing challenges in generating operating income from its assets efficiently.
A decreasing operating ROA could indicate issues with the company's operational efficiency or profitability. It may be a sign that the company's operating income is not keeping pace with its asset base, which could lead to lower overall profitability. Investors and stakeholders should closely monitor this trend to assess the company's financial health and performance.
Peer comparison
Dec 31, 2023