Tenet Healthcare Corporation (THC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 611,000 | 411,000 | 914,000 | 399,000 | -232,000 |
| Total assets | US$ in thousands | 28,312,000 | 27,156,000 | 27,579,000 | 27,106,000 | 23,365,000 |
| ROA | 2.16% | 1.51% | 3.31% | 1.47% | -0.99% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $611,000K ÷ $28,312,000K
= 2.16%
Tenet Healthcare Corp.'s return on assets (ROA) has varied over the past five years. In 2023, the ROA increased to 2.16%, showing an improvement compared to the previous year's 1.51%. However, it remains below the levels seen in 2021 when the ROA was 3.31%. The trend indicates fluctuation in the efficiency of generating profits from the company's assets.
The negative ROA of -0.99% in 2019 suggests that the company's assets were not effectively utilized to generate profits during that year. Subsequently, there was an improvement in 2020 and 2021, with ROA increasing to 1.47% and 3.31%, respectively.
Overall, Tenet Healthcare Corp. has demonstrated a mixed performance in utilizing its assets to generate returns over the past five years, with fluctuations in the ROA reflecting changes in the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023