RadNet Inc (RDNT)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 93.06% | 93.02% | 92.84% | 92.72% | 92.68% | 93.40% | 93.32% | 93.21% | 93.06% | 93.07% | 92.81% | 91.82% | 91.58% | 75.76% | 51.96% | 34.92% | 13.38% | 11.99% | 12.13% | 11.85% |
| Operating profit margin | 6.11% | 6.07% | 3.90% | 3.70% | 3.24% | 2.13% | 4.04% | 4.71% | 6.28% | 7.66% | 7.17% | 5.62% | 3.33% | 3.62% | 3.01% | 4.62% | 6.05% | 4.10% | 4.26% | 3.85% |
| Pretax margin | 0.71% | 0.88% | -0.52% | -0.30% | 1.40% | 1.22% | 2.61% | 2.23% | 2.77% | 3.88% | 3.09% | 1.61% | -1.30% | -1.20% | -1.66% | 0.45% | 1.82% | 3.12% | 3.53% | 3.69% |
| Net profit margin | 0.19% | 0.25% | -0.84% | -0.90% | 0.74% | 0.56% | 1.71% | 1.36% | 1.88% | 2.68% | 1.96% | 0.99% | -1.38% | -0.98% | -1.25% | 0.18% | 1.28% | 3.02% | 3.33% | 3.53% |
Radnet Inc's profitability ratios have shown some fluctuations over the past eight quarters. The gross profit margin has displayed a generally increasing trend, reaching 13.69% in Q4 2023 from 11.59% in Q4 2022. This indicates that the company has been able to improve its efficiency in managing production costs and generating revenue.
However, the operating profit margin has been more volatile, with fluctuations between 3.49% in Q4 2022 and 5.75% in Q4 2023. This suggests that Radnet Inc may have experienced challenges in controlling operating expenses and maximizing operating income during this period.
Similarly, the pretax margin has varied considerably, ranging from 1.09% in Q2 2023 to 4.17% in Q2 2022. This indicates fluctuations in Radnet Inc's ability to generate profits before accounting for taxes, potentially influenced by changes in revenue and expenses.
The net profit margin, reflecting the company's bottom-line profitability, has also shown volatility, from a negative figure of -0.90% in Q1 2023 to a positive 0.74% in Q4 2022. This suggests that Radnet Inc may have faced challenges in controlling costs and maintaining profitability throughout the analyzed period.
In conclusion, Radnet Inc's profitability ratios exhibit fluctuations over the eight-quarter period, indicating the company's varying ability to manage costs, generate revenue, and maintain profitability. Further analysis and context may be needed to understand the underlying factors driving these trends.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 0.11% | 0.15% | -0.48% | -0.55% | 0.44% | 0.35% | 1.04% | 0.85% | 1.20% | 1.69% | 1.20% | 0.60% | -0.83% | -0.61% | -0.78% | 0.13% | 0.90% | 2.07% | 2.21% | 2.35% |
| Return on total capital | 6.84% | 6.56% | 4.14% | 4.64% | 3.95% | 2.81% | 5.24% | 6.08% | 8.49% | 10.17% | 9.47% | 7.89% | 4.58% | 4.91% | 4.09% | 6.36% | 8.68% | 5.71% | 5.60% | 5.09% |
| Return on equity (ROE) | 0.48% | 0.64% | -2.18% | -4.08% | 3.20% | 2.48% | 7.47% | 6.12% | 10.80% | 15.35% | 12.40% | 5.95% | -8.95% | -6.61% | -9.04% | 1.73% | 9.73% | 24.87% | 26.39% | 26.38% |
Radnet Inc's profitability ratios show mixed performance over the past eight quarters.
1. Operating return on assets (Operating ROA) has been relatively stable, ranging from 2.05% to 3.47%. This ratio indicates that the company is effectively generating profits from its assets used in operations.
2. Return on assets (ROA) has been fluctuating with both positive and negative values. This indicates that Radnet Inc's overall profitability in relation to its total assets has been inconsistent.
3. Return on total capital has also shown variability, ranging from 4.96% to 9.09%. This ratio measures the returns generated from both debt and equity capital invested in the company.
4. Return on equity (ROE) has displayed inconsistency with a mix of positive and negative values. Negative ROE values in Q2 2023 and Q1 2023 are concerning as they indicate the company's inability to generate returns for its shareholders.
Overall, Radnet Inc's profitability ratios reflect a need for further analysis to understand the underlying factors driving the company's financial performance and to identify areas for improvement.