Privia Health Group Inc (PRVA)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 20,649 | -19,122 | -217,436 |
| Total assets | US$ in thousands | 999,900 | 792,813 | 686,373 |
| Operating ROA | 2.07% | -2.41% | -31.68% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $20,649K ÷ $999,900K
= 2.07%
The operating return on assets (operating ROA) for Privia Health Group Inc has shown a fluctuating trend over the last three years. In 2021, the company experienced a significantly negative operating ROA of -31.68%, indicating that its operating income generated from its assets was insufficient to cover the cost of those assets. However, there was a notable improvement in 2022, with the operating ROA increasing to -2.41%, although it remained negative.
In the most recent year, 2023, Privia Health Group Inc was able to achieve a positive operating ROA of 2.07%. This signifies that the company's operating income relative to its assets turned positive, indicating a more efficient utilization of assets in generating operating profits. This positive trend in operating ROA from 2022 to 2023 suggests improved operational efficiency and potentially better management of assets to drive operating performance.
It is important for Privia Health Group Inc to continue monitoring and improving its operating ROA to ensure sustained profitability and efficiency in utilizing its assets effectively in generating operating income.
Peer comparison
Dec 31, 2023