Tenet Healthcare Corporation (THC)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,510,000 | 2,311,000 | 2,339,000 | 2,288,000 | 2,333,000 | 2,548,000 | 2,966,000 | 2,999,000 | 2,871,000 | 3,040,000 | 2,297,000 | 2,182,000 | 1,989,000 | 1,523,000 | 1,554,000 | 1,483,000 | 1,537,000 | 1,477,000 | 1,495,000 | 1,501,000 |
| Total assets | US$ in thousands | 28,312,000 | 27,590,000 | 27,157,000 | 27,067,000 | 27,156,000 | 27,076,000 | 26,621,000 | 26,650,000 | 27,579,000 | 25,913,000 | 26,565,000 | 27,579,000 | 27,106,000 | 26,187,000 | 26,250,000 | 23,823,000 | 23,365,000 | 23,357,000 | 23,207,000 | 23,158,000 |
| Operating ROA | 8.87% | 8.38% | 8.61% | 8.45% | 8.59% | 9.41% | 11.14% | 11.25% | 10.41% | 11.73% | 8.65% | 7.91% | 7.34% | 5.82% | 5.92% | 6.23% | 6.58% | 6.32% | 6.44% | 6.48% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,510,000K ÷ $28,312,000K
= 8.87%
Tenet Healthcare Corp.'s operating return on assets (operating ROA) has been relatively stable throughout the quarters provided in the table. The company's operating ROA ranged from 8.48% to 9.58% over the past eight quarters. The highest operating ROA of 9.58% was recorded in Q2 2022, while the lowest of 8.48% was observed in Q3 2023.
Overall, Tenet Healthcare Corp. has maintained a consistent level of operational efficiency in generating profits from its assets over the analyzed period. However, the slight fluctuations in operating ROA indicate a need for the company to further optimize the utilization of its assets to enhance profitability in the future.
Peer comparison
Dec 31, 2023