RadNet Inc (RDNT)
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 | 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 69,878 | 45,560 | 45,158 | 39,044 |
| Total assets | US$ in thousands | 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 | 1,646,990 | 1,617,900 | 1,596,680 | 1,526,070 |
| Operating ROA | 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% | 4.24% | 2.82% | 2.83% | 2.56% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $98,697K ÷ $2,690,470K
= 3.67%
The operating return on assets (operating ROA) for Radnet Inc has shown fluctuations over the past eight quarters. The quarter with the highest operating ROA was in Q2 2022 at 3.94%, followed closely by Q4 2023 at 3.46%. However, there has been some volatility in the performance as seen in Q2 2023 and Q1 2023 where the operating ROA dipped to 2.38% and 2.39% respectively. Despite these fluctuations, the operating ROA has generally remained above 2%, indicating that Radnet Inc is generating positive returns from its operating activities relative to its total assets. Further analysis of the company's operational efficiency and asset utilization may be required to better understand the factors driving these fluctuations in the operating ROA.
Peer comparison
Dec 31, 2023