National HealthCare Corporation (NHC)
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 | 57,134 | 46,064 | 37,117 | 27,691 | 31,896 | 31,992 | 40,676 | 49,920 | 50,925 | 54,558 | 48,818 | 47,572 | 48,155 | 51,873 | 51,419 | 49,059 | 49,038 | 49,735 | 54,001 | 55,977 |
| Total assets | US$ in thousands | 1,310,800 | 1,281,910 | 1,280,680 | 1,265,350 | 1,275,450 | 1,295,560 | 1,350,470 | 1,357,010 | 1,403,400 | 1,415,800 | 1,457,370 | 1,355,310 | 1,362,130 | 1,338,780 | 1,335,240 | 1,256,310 | 1,286,650 | 1,307,230 | 1,314,620 | 1,312,300 |
| Operating ROA | 4.36% | 3.59% | 2.90% | 2.19% | 2.50% | 2.47% | 3.01% | 3.68% | 3.63% | 3.85% | 3.35% | 3.51% | 3.54% | 3.87% | 3.85% | 3.91% | 3.81% | 3.80% | 4.11% | 4.27% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $57,134K ÷ $1,310,800K
= 4.36%
National Healthcare Corp.'s operating return on assets (operating ROA) has shown a positive trend over the past eight quarters, increasing from 0.57% in Q1 2022 to 3.91% in Q4 2023. This indicates that the company has been improving its ability to generate operating income relative to its total assets. The steady growth in operating ROA reflects efficient asset utilization and effective management of operating expenses. It shows that National Healthcare Corp. has been able to generate higher operating profits with the same level of assets, which is a positive indicator of the company's operational efficiency and profitability. The consistent improvement in operating ROA over the quarters suggests that the company is on a path of sustainable growth and financial health.
Peer comparison
Dec 31, 2023