Privia Health Group Inc (PRVA)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 23,079 | -8,585 | -188,230 |
| Total stockholders’ equity | US$ in thousands | 561,437 | 499,094 | 426,872 |
| ROE | 4.11% | -1.72% | -44.10% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $23,079K ÷ $561,437K
= 4.11%
The return on equity (ROE) of Privia Health Group Inc has shown a significant improvement over the past three years. The company's ROE was -44.10% in 2021, indicating a substantial loss on equity investments. However, there was a notable recovery in 2022 with ROE improving to -1.72%, although it remained negative. The most recent data for 2023 shows a positive ROE of 4.11%, suggesting a turnaround in the company's profitability and efficiency in generating returns for its shareholders. This positive trend reflects improvements in the company's ability to utilize equity to generate profits and create value for its investors. It indicates that Privia Health Group Inc is on a path towards stronger financial performance and increased shareholder value compared to the previous years.
Peer comparison
Dec 31, 2023