Privia Health Group Inc (PRVA)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|
| Gross profit margin | 13.60% | 88.75% | 70.99% |
| Operating profit margin | 1.24% | -1.41% | -22.53% |
| Pretax margin | 1.86% | -1.11% | -22.39% |
| Net profit margin | 1.39% | -0.63% | -19.50% |
Privia Health Group Inc's profitability ratios have shown improvement over the past three years. The gross profit margin has been consistently high, indicating the company's ability to generate profit from its core operations. The operating profit margin has also increased from negative in 2021 to positive in 2023, showcasing better efficiency in controlling operating expenses.
Furthermore, the pretax margin and net profit margin have both shown significant improvement, turning positive in 2023 after being negative in the previous years. This indicates better overall profitability and financial performance for Privia Health Group Inc. Overall, the trend in profitability ratios suggests that the company has been able to enhance its profitability and operational efficiency over the years, which is a positive sign for investors and stakeholders.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|
| Operating return on assets (Operating ROA) | 2.07% | -2.41% | -31.68% |
| Return on assets (ROA) | 2.31% | -1.08% | -27.42% |
| Return on total capital | 3.68% | -2.93% | -46.88% |
| Return on equity (ROE) | 4.11% | -1.72% | -44.10% |
Privia Health Group Inc's profitability ratios show improvement over the three-year period from 2021 to 2023.
1. Operating return on assets (Operating ROA) improved from a negative -31.68% in 2021 to 2.07% in 2023, indicating that the company's operating income generated from its assets has increased significantly.
2. Return on assets (ROA) also showed improvement, increasing from -27.42% in 2021 to 2.31% in 2023. This suggests that the company has become more efficient in generating profits from its total assets.
3. Return on total capital improved notably, from -47.33% in 2021 to 3.68% in 2023, indicating that the company has been able to generate higher returns on the total capital employed in its operations.
4. Return on equity (ROE) also demonstrated improvement, increasing from -44.10% in 2021 to 4.11% in 2023. This shows that the company has been more effective in generating profits for its shareholders relative to the equity invested.
Overall, the increasing trend in Privia Health Group Inc's profitability ratios from 2021 to 2023 indicates enhanced operational efficiency and effectiveness in utilizing assets and capital to generate profits.