National HealthCare Corporation (NHC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 66,798 | 22,445 | 138,590 | 41,871 | 68,211 |
| Total assets | US$ in thousands | 1,310,800 | 1,275,450 | 1,403,400 | 1,362,130 | 1,286,650 |
| ROA | 5.10% | 1.76% | 9.88% | 3.07% | 5.30% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $66,798K ÷ $1,310,800K
= 5.10%
The return on assets (ROA) for National Healthcare Corp. has shown fluctuations over the past five years, indicating varying efficiencies in generating profits from its assets. In 2023, the ROA improved significantly to 5.10% compared to the previous year's 1.76%, suggesting enhanced asset utilization and profitability. However, this figure is lower than the ROA in 2021, where the company achieved a robust 9.88% return on assets. The ROA in 2020 was 3.07%, showing a moderate performance, while in 2019, it was 5.30%, slightly higher than the most recent year.
Overall, National Healthcare Corp.'s ROA trend indicates a mix of strong and weak asset utilization efficiency over the analyzed period. Further in-depth analysis is recommended to understand the factors driving these fluctuations and to assess the company's effectiveness in generating profits relative to its asset base.
Peer comparison
Dec 31, 2023