RadNet Inc (RDNT)

Operating return on assets (Operating ROA)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Operating income (ttm) US$ in thousands 104,621 104,430 113,770 103,365 98,697 95,965 59,638 54,755 46,365 29,415 55,061 63,181 82,553 98,805 89,610 62,111 35,682 38,552 32,027 53,832
Total assets US$ in thousands 3,286,690 3,275,340 3,229,420 2,969,560 2,690,470 2,688,020 2,705,290 2,414,070 2,433,910 2,247,160 2,240,720 2,141,520 2,058,470 2,042,360 2,032,200 1,828,790 1,786,660 1,717,870 1,717,000 1,699,390
Operating ROA 3.18% 3.19% 3.52% 3.48% 3.67% 3.57% 2.20% 2.27% 1.90% 1.31% 2.46% 2.95% 4.01% 4.84% 4.41% 3.40% 2.00% 2.24% 1.87% 3.17%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $104,621K ÷ $3,286,690K
= 3.18%

The operating return on assets (operating ROA) of RadNet Inc has shown fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. The operating ROA started at 3.17% in March 2020, decreased to 1.87% in June 2020, and then gradually increased to peak at 4.84% in September 2021. Subsequently, there was a decline to 1.31% in September 2022, followed by a recovery in the later periods.

Overall, the operating ROA ranged between 1.31% to 4.84%, indicating the efficiency of RadNet in generating operating profits relative to its total assets. It is essential for stakeholders to monitor these fluctuations to assess RadNet's operational performance and efficiency in utilizing its assets to generate profits.