RadNet Inc (RDNT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,044 | 3,969 | -12,903 | -13,367 | 10,651 | 7,763 | 23,315 | 18,283 | 24,728 | 34,508 | 24,444 | 10,977 | -14,839 | -10,399 | -13,360 | 2,133 | 14,758 | 33,497 | 35,341 | 35,848 |
| 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 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,044K ÷ $2,690,470K
= 0.11%
To analyze Radnet Inc's return on assets (ROA) based on the provided data, we calculate the ROA by dividing the company's net income by its average total assets for each quarter.
The trend in Radnet Inc's ROA over the past eight quarters shows fluctuations. In Q4 2023, the ROA was 0.11%, which decreased from the previous quarter's 0.15%. This decline in ROA may indicate a decrease in the company's efficiency in generating profits relative to its total assets.
In Q2 2023 and Q1 2023, Radnet Inc experienced negative ROA of -0.48% and -0.55% respectively, suggesting that the company generated losses during those periods in relation to its asset base.
The company's ROA significantly improved in Q2 2022 and Q1 2022, reaching 1.04% and 0.85% respectively. These higher ROA figures indicate that Radnet Inc was able to generate more profit per dollar of assets during those quarters.
Overall, the fluctuating trend in Radnet Inc's ROA indicates varying levels of profitability and efficiency in utilizing its assets. It would be important to further investigate the factors contributing to these fluctuations to assess the company's financial performance and operational strategies.
Peer comparison
Dec 31, 2023