R1 RCM Inc (RCM)
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 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,300 | -29,000 | -59,000 | -85,700 | |||
| 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 |
| ROA | 0.07% | -0.58% | -1.21% | -2.50% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,300K ÷ $4,960,200K
= 0.07%
From the provided data, the return on assets (ROA) for R1 RCM Inc. has been fluctuating over the past eight quarters. The ROA ranged from negative values to positive values during this period.
In the most recent quarter, Q4 2023, the ROA was at 0.07%, indicating a slight increase in profitability compared to the previous quarter. However, in Q3 2023, ROA was notably negative at -0.70%, suggesting lower profitability and efficiency in asset utilization.
Looking back over the past year, the highest ROA observed was in Q1 2022 at 7.02%, reflecting strong profitability and efficient use of assets. In contrast, the lowest ROA was in Q1 2023 at -1.71%, indicating a significant decline in profitability during that period.
Overall, the trend in ROA for R1 RCM Inc. appears to be volatile and inconsistent, with fluctuations in profitability and asset utilization efficiency. Further analysis would be needed to understand the underlying reasons for these fluctuations and to assess the company's overall financial health and performance.
Peer comparison
Dec 31, 2023