Tenet Healthcare Corporation (THC)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,338,000 | 3,238,000 | 2,717,000 | 2,650,000 | 2,496,000 | 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 | 1,529,000 | 1,552,000 | 1,469,000 |
| Total assets | US$ in thousands | 28,936,000 | 29,372,000 | 29,265,000 | 28,907,000 | 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 | 26,554,000 | 27,106,000 | 26,187,000 | 26,250,000 | 23,823,000 |
| Operating ROA | 11.54% | 11.02% | 9.28% | 9.17% | 8.82% | 8.38% | 8.61% | 8.45% | 8.59% | 9.41% | 11.14% | 11.25% | 10.41% | 11.73% | 8.65% | 8.22% | 7.34% | 5.84% | 5.91% | 6.17% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,338,000K ÷ $28,936,000K
= 11.54%
Tenet Healthcare Corporation's operating return on assets (Operating ROA) has shown a fluctuating trend over the period provided in the data. Starting at 6.17% on March 31, 2020, the operating ROA decreased slightly to 5.91% by June 30, 2020, and further to 5.84% by September 30, 2020. However, there was a significant improvement in performance by December 31, 2020, with the operating ROA rising to 7.34%.
The following quarters of March 31, 2021, and June 30, 2021, saw a continual increase in operating ROA to 8.22% and 8.65%, respectively. The peak performance in the dataset was recorded on September 30, 2021, with an operating ROA of 11.73%. The operating ROA remained relatively high in the subsequent quarters of December 31, 2021 (10.41%) and March 31, 2022 (11.25%).
Thereafter, the operating ROA started to decline gradually from June 30, 2022 (11.14%) to September 30, 2022 (9.41%) before stabilizing around the 8-9% range for the remainder of the period up to December 31, 2024. The operating ROA increased again to 11.54% by the end of December 31, 2024.
Overall, Tenet Healthcare Corporation's operating ROA reflects fluctuations in performance but generally exhibits an upward trend with occasional peaks and troughs over the analyzed period. It is important for the company to continue monitoring and managing its assets efficiently to sustain and potentially enhance its operating ROA in the future.
Peer comparison
Dec 31, 2024