Mednax Inc (MD)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -60,408 | 66,335 | 130,964 | -796,488 | -1,497,700 |
| Total assets | US$ in thousands | 2,219,810 | 2,347,890 | 2,722,550 | 3,347,950 | 4,145,900 |
| ROA | -2.72% | 2.83% | 4.81% | -23.79% | -36.12% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-60,408K ÷ $2,219,810K
= -2.72%
Pediatrix Medical Group Inc's return on assets (ROA) has exhibited significant fluctuations over the past five years. The company reported negative ROA of -2.72% in 2023, indicating that it generated a net loss relative to its total assets. This represents a decline from the positive ROA of 2.83% in 2022 and 4.81% in 2021, suggesting a deterioration in the company's ability to generate profit from its assets.
Furthermore, the ROA of -23.79% in 2020 and -36.12% in 2019 reflect even more substantial losses relative to the company's total assets during those years. These negative ROA figures indicate that Pediatrix Medical Group Inc experienced financial challenges and inefficiencies in utilizing its assets to generate profits during those periods.
Overall, the inconsistency and negative trend in Pediatrix Medical Group Inc's ROA over the past five years raise concerns about the company's profitability and asset utilization efficiency. Further analysis and investigation into the factors driving these fluctuations in ROA are warranted to understand the company's financial performance and prospects for the future.
Peer comparison
Dec 31, 2023