Tenet Healthcare Corporation (THC)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,956,000 | 2,510,000 | 2,333,000 | 2,871,000 | 1,989,000 |
| Total assets | US$ in thousands | 28,936,000 | 28,312,000 | 27,156,000 | 27,579,000 | 27,106,000 |
| Operating ROA | 20.58% | 8.87% | 8.59% | 10.41% | 7.34% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $5,956,000K ÷ $28,936,000K
= 20.58%
Tenet Healthcare Corporation's operating return on assets (operating ROA) has shown a fluctuating trend over the past five years. The ratio increased steadily from 7.34% as of December 31, 2020, to 10.41% by December 31, 2021, indicating an improvement in the company's ability to generate operating income from its assets during that period.
However, there was a dip in the operating ROA to 8.59% by December 31, 2022, followed by a slight increase to 8.87% by December 31, 2023. Notably, there was a significant surge in the operating ROA to 20.58% by December 31, 2024, suggesting a substantial improvement in the company's operational efficiency and profitability relative to its asset base.
Overall, the varying trends in Tenet Healthcare Corporation's operating ROA reflect changes in the company's operational performance and efficiency in utilizing its assets to generate operating income over the analyzed period.
Peer comparison
Dec 31, 2024