RadNet Inc (RDNT)

Return on assets (ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 2,793 3,044 10,650 24,727 -14,840
Total assets US$ in thousands 3,286,690 2,690,470 2,433,910 2,058,470 1,786,660
ROA 0.08% 0.11% 0.44% 1.20% -0.83%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $2,793K ÷ $3,286,690K
= 0.08%

RadNet Inc's Return on Assets (ROA) has shown fluctuating trends over the past five years, ranging from negative to positive values.

At December 31, 2020, the ROA was -0.83%, indicating that the company generated a negative return on its assets. However, there has been a turnaround in the following years, with ROA improving to 1.20% by December 31, 2021. This positive trend continued into December 31, 2022, with an ROA of 0.44%.

Although there was a slight decrease in ROA to 0.11% by December 31, 2023, the company managed to maintain a positive return on assets. The downward trend continued into December 31, 2024, with an ROA of 0.08%.

Overall, RadNet Inc's ROA performance has been mixed, with improvements in recent years after a period of negative returns. It is essential for the company to continue monitoring and optimizing its asset utilization to ensure sustained profitability and efficiency in the future.