Mednax Inc (MD)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -103,613 | -60,408 | 66,335 | 130,964 | -9,580 |
| Total assets | US$ in thousands | 2,152,700 | 2,219,810 | 2,347,890 | 2,722,550 | 3,347,950 |
| ROA | -4.81% | -2.72% | 2.83% | 4.81% | -0.29% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-103,613K ÷ $2,152,700K
= -4.81%
The return on assets (ROA) of Mednax Inc has shown fluctuations over the past five years. In December 2020, the ROA was -0.29%, indicating that the company had a negative return relative to its total assets. However, by December 2021, the ROA improved significantly to 4.81%, suggesting an efficient utilization of assets to generate profit.
In the subsequent years, there were further variations in the ROA performance. By December 2022, the ROA declined to 2.83%, indicating a slight decrease in the company's ability to generate earnings from its assets. The trend reversed in December 2023, with the ROA turning negative again at -2.72%, suggesting a possible dip in profitability relative to asset utilization.
The most recent data point in December 2024 showed a further decrease in ROA to -4.81%, signifying a significant decline in profitability relative to the assets employed. Overall, the fluctuating trend in ROA signals varying levels of efficiency in Mednax Inc's ability to generate earnings from its asset base over the analyzed period. It would be important for stakeholders to closely monitor the company's asset management and profitability strategies to ensure sustainable performance in the future.
Peer comparison
Dec 31, 2024