RadNet Inc (RDNT)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 630,695 | 618,901 | 593,159 | 327,922 | 332,995 | 313,006 | 312,183 | 298,847 | 228,904 | 224,837 | 197,064 | 184,358 | 165,743 | 157,205 | 147,808 | 123,375 | 151,685 | 134,663 | 133,918 | 135,900 |
| 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% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,044K ÷ $630,695K
= 0.48%
Radnet Inc's return on equity (ROE) has exhibited significant fluctuations over the past eight quarters. In Q4 2023, the ROE stood at 0.48%, a slight decrease from the previous quarter's 0.64%. However, the overall trend reflects inconsistency in performance, as evidenced by negative ROE figures in Q2 2023 (-2.18%) and Q1 2023 (-4.08%). This could indicate potential inefficiencies in asset utilization and profitability during that period.
Comparing the most recent ROE figures to the same quarter in the previous year, there has been a decline from Q4 2022's 3.20% to the current 0.48%. Similarly, the ROE in Q3 2022 and Q2 2022 were 2.48% and 7.47%, respectively, both higher than the current quarter's figure.
Overall, Radnet Inc's ROE has been volatile, with fluctuations indicating potential challenges in generating profits relative to shareholders' equity. Further analysis of the company's financial statements and operational efficiency may be required to understand the underlying factors driving these fluctuations.
Peer comparison
Dec 31, 2023