RadNet Inc (RDNT)

Return on assets (ROA)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Net income (ttm) US$ in thousands 2,793 -4,412 9,919 21,270 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
Total assets US$ in thousands 3,286,690 3,275,340 3,229,420 2,969,560 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
ROA 0.08% -0.13% 0.31% 0.72% 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%

December 31, 2024 calculation

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

RadNet Inc's return on assets (ROA) has shown some volatility over the past few years. From March 31, 2020, to December 31, 2024, ROA fluctuated between negative and positive values, indicating mixed performance in utilizing its assets to generate profits.

The ROA was notably negative in mid-2020, suggesting that during that time, the company was not efficiently utilizing its assets to generate earnings. However, the ROA improved significantly by September 30, 2021, reaching 1.69%, indicating that RadNet Inc became more effective in generating profits relative to its total assets.

Despite some fluctuations, the ROA generally stayed positive from March 31, 2021, onward, with values ranging from 0.08% to 1.69%. This indicates that, in recent periods, RadNet Inc has been able to generate earnings more efficiently relative to the total value of its assets.

Overall, while there have been periods of inconsistency, the trend in ROA shows improvement, suggesting better asset utilization and profitability for RadNet Inc in recent years.