National HealthCare Corporation (NHC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 101,927 | 124,252 | 91,851 | 81,288 | 66,798 | 44,745 | 31,928 | 18,850 | 22,445 | 31,880 | 30,961 | 132,641 | 138,590 | 150,352 | 166,549 | 89,990 | 41,871 | 28,091 | 34,703 | 20,090 |
| 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 |
| ROA | 6.69% | 7.95% | 6.86% | 6.16% | 5.10% | 3.49% | 2.49% | 1.49% | 1.76% | 2.46% | 2.29% | 9.77% | 9.88% | 10.62% | 11.43% | 6.64% | 3.07% | 2.10% | 2.60% | 1.60% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $101,927K ÷ $1,524,430K
= 6.69%
National HealthCare Corporation's return on assets (ROA) has shown fluctuations over the past few years. The ROA started at 1.60% in March 2020 and gradually increased to peak at 11.43% in June 2021, indicating improved profitability in utilizing its assets efficiently during that period. However, the ROA declined over the following quarters but remained above 9% until September 2021. In the subsequent quarters, the ROA experienced a downward trend, reaching 1.76% by December 2022.
There was a slight uptick in the ROA by March 2023 but then started to fluctuate around 2-3% until December 2024. The ROA peaked again at 7.95% in September 2024 but decreased slightly to 6.69% by December 2024.
Overall, the ROA performance of National HealthCare Corporation indicates periods of strong profitability as well as some challenges in maintaining consistent returns on its assets. Further analysis of the company's operational efficiency and asset management strategies may be required to understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2024