Privia Health Group Inc (PRVA)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 23,079 | 38,017 | 33,998 | 16,249 | -8,585 | -38,340 | -49,079 | -211,138 | -188,230 | |||
| 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 |
| ROA | 2.31% | 3.83% | 3.63% | 1.86% | -1.08% | -4.75% | -6.59% | -29.20% | -27.42% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $23,079K ÷ $999,900K
= 2.31%
Looking at the return on assets (ROA) trend of Privia Health Group Inc, we can see fluctuations in the performance over the past eight quarters. In Q4 2023, the ROA stood at 2.31%, a slight decrease from the previous quarter's 3.83%. Despite this dip in Q4 2023, the company's performance was still relatively strong compared to the negative ROA values recorded in previous periods, such as -1.08% in Q4 2022 and -29.20% in Q1 2022.
The ROA improved significantly from negative figures in early 2022 to positive values by Q2 2023, indicating a potential turnaround in the company's asset utilization efficiency. However, the recent decline in ROA in Q4 2023 suggests a need for continued monitoring of the company's asset management strategies to ensure sustainable profitability.
Overall, Privia Health Group Inc's ROA has shown volatility in recent quarters, highlighting the importance of consistent performance evaluation and strategic planning to optimize asset utilization and enhance overall financial health.
Peer comparison
Dec 31, 2023