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