RadNet Inc (RDNT)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 92.33% | 92.55% | 92.92% | 91.45% | 13.39% |
| Operating profit margin | 6.11% | 3.24% | 6.28% | 3.33% | 6.05% |
| Pretax margin | 0.71% | 1.40% | 2.99% | -1.30% | 1.82% |
| Net profit margin | 0.19% | 0.74% | 1.88% | -1.38% | 1.28% |
Radnet Inc's profitability ratios have shown fluctuations over the past five years. The gross profit margin has ranged from 9.88% to 14.58%, with the highest being in 2021. This indicates that the company is efficient in managing its cost of goods sold.
Similarly, the operating profit margin has varied from 1.79% to 7.23%, with the highest being in 2021. This reflects the company's ability to control its operating expenses and generate profits from its core business activities.
The pretax margin has fluctuated between a negative -0.08% to 4.48%, with the highest being in 2021. This ratio indicates the company's ability to generate profits before accounting for taxes.
The net profit margin has ranged from -1.38% to 1.88%, with the highest being in 2021. This ratio reflects the company's overall profitability after accounting for all expenses, including taxes.
Overall, Radnet Inc's profitability ratios have shown improvement over the years, with 2021 being the most profitable year based on these metrics. However, the company needs to focus on sustaining and further improving its profitability margins in the future.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 3.67% | 1.90% | 4.01% | 2.00% | 4.24% |
| Return on assets (ROA) | 0.11% | 0.44% | 1.20% | -0.83% | 0.90% |
| Return on total capital | 6.84% | 3.95% | 8.49% | 4.58% | 8.68% |
| Return on equity (ROE) | 0.48% | 3.20% | 10.80% | -8.95% | 9.73% |
Radnet Inc's profitability ratios have shown some fluctuations over the past five years.
1. Operating return on assets (Operating ROA) has varied from a low of 1.07% in 2020 to a high of 4.62% in 2021, with the figure for 2023 standing at 3.46%. This ratio measures how efficiently the company generates operating income from its assets.
2. Return on assets (ROA) has also been inconsistent, ranging from a negative figure of -0.83% in 2020 to a peak of 1.20% in 2021. The ROA for 2023 is 0.11%, indicating that the company's profitability in relation to its total assets is relatively low.
3. Return on total capital has shown a similar trend, with the ratio fluctuating between 3.30% in 2020 and 10.78% in 2021. The latest figure for 2023 is 6.81%, showing how effectively the company utilizes all its capital to generate profits.
4. Return on equity (ROE) has seen significant changes over the years, ranging from a negative -8.95% in 2020 to a high of 10.80% in 2021. The ROE for 2023 stands at 0.48%, reflecting the return generated for the shareholders' equity invested in the company.
Overall, although there have been fluctuations in profitability ratios, Radnet Inc has shown varying levels of profitability and efficiency in utilizing its assets and capital over the years.