R1 RCM Inc (RCM)
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 | ||
|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 147,900 | 95,000 | 58,600 | -12,800 | |||
| Total assets | US$ in thousands | 4,960,200 | 5,040,100 | 4,876,800 | 3,425,600 | 5,121,800 | 5,081,100 | 5,075,300 |
| Operating ROA | 2.98% | 1.88% | 1.20% | -0.37% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $147,900K ÷ $4,960,200K
= 2.98%
R1 RCM Inc.'s operating return on assets (operating ROA) has exhibited fluctuations over the given periods. In Q4 2023, the operating ROA was recorded at 5.33%, showing an increase from the previous quarter's 4.56%. This increase indicates improved efficiency in generating operating income relative to its assets during the period.
However, the operating ROA in Q4 2023 remains lower compared to Q1 2022 when it reached 14.08%, reflecting a significant decline in efficiency over the intermediate period. The declining trend from Q1 2022 to Q3 2023, followed by the recent uptick in Q4 2023, suggests volatility in the company's performance.
It is essential for investors and stakeholders to monitor R1 RCM Inc.'s operating ROA closely to assess the company's ability to generate profits from its assets consistently. Further analysis of the company's operational strategies and financial performance may provide insights into the factors contributing to these fluctuations in operating ROA.
Peer comparison
Dec 31, 2023