National HealthCare Corporation (NHC)
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 | 85,760 | 79,316 | 71,294 | 62,751 | 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 |
| Total assets | US$ in thousands | 1,524,430 | 1,562,710 | 1,339,700 | 1,319,640 | 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 |
| Operating ROA | 5.63% | 5.08% | 5.32% | 4.76% | 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% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $85,760K ÷ $1,524,430K
= 5.63%
Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's ability to generate profits from its operational assets. For National HealthCare Corporation, the trend of Operating ROA over the past few years shows fluctuations:
- The company's Operating ROA ranged from 3.91% in March 2020 to 2.19% in March 2023, indicating some variability in its profitability efficiency.
- The ratio experienced a gradual decline from 3.85% in June 2020 to 2.90% in June 2023, which suggests potential challenges in optimizing asset utilization to generate earnings during this period.
- However, there was a notable improvement in Operating ROA from 2.47% in September 2022 to 5.63% in December 2024, indicating a positive upturn in the company's profitability relative to its asset base.
Overall, National HealthCare Corporation's Operating ROA trend reflects a mix of fluctuations and improvements, suggesting varying levels of effectiveness in leveraging its assets to generate operating profits over the analyzed period. Further analysis of the company's operational efficiency and asset management practices may provide insights into the factors driving these fluctuations and improvements in Operating ROA.
Peer comparison
Dec 31, 2024