National HealthCare Corporation (NHC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 68,211 | 72,593 | 74,274 | 83,024 |
| 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 |
| ROA | 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% | 5.30% | 5.55% | 5.65% | 6.33% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $66,798K ÷ $1,310,800K
= 5.10%
National Healthcare Corp.'s return on assets (ROA) has fluctuated over the past eight quarters. In the most recent quarter, Q4 2023, the ROA stood at 5.10%, showing a significant improvement compared to the previous quarter. The trend over the last year indicates that the company's ROA has generally been positive, with some quarters performing better than others.
The fluctuations in ROA may indicate changes in the company's efficiency in generating profits from its assets. A higher ROA suggests that the company is effectively utilizing its assets to generate earnings, while a lower ROA may indicate inefficiencies in asset utilization. It is essential for stakeholders to assess the reasons behind these fluctuations to understand the company's operational performance and financial health accurately.
Peer comparison
Dec 31, 2023