Privia Health Group Inc (PRVA)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 20,649 | 21,478 | 11,368 | -861 | -19,122 | -40,718 | -48,953 | -236,890 | -217,436 | |||
| Total assets | US$ in thousands | 999,900 | 992,330 | 937,574 | 875,343 | 792,813 | 807,786 | 744,990 | 723,183 | 686,373 | 632,061 | 597,139 | 348,276 |
| Operating ROA | 2.07% | 2.16% | 1.21% | -0.10% | -2.41% | -5.04% | -6.57% | -32.76% | -31.68% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $20,649K ÷ $999,900K
= 2.07%
The operating return on assets (operating ROA) for Privia Health Group Inc has shown variability over the past eight quarters. In Q4 2023, the operating ROA was 2.07%, which was a slight improvement from the previous quarter's 2.16%. This suggests that the company generated positive operating income relative to its assets in the most recent quarter.
Looking back further, the operating ROA had fluctuated, reaching a low of -32.76% in Q1 2022. However, the company has gradually improved its operating ROA since then, with a notable increase from negative figures to positive territory in the recent quarters.
The positive trend in operating ROA indicates that Privia Health Group Inc has been more efficient in utilizing its assets to generate operating income. It reflects the company's ability to effectively manage its operations and generate profitability from its asset base. Continued monitoring is suggested to assess the company's ability to sustain this improved performance over the long term.
Peer comparison
Dec 31, 2023