Tenet Healthcare Corporation (THC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 611,000 | 469,000 | 499,000 | 414,000 | 411,000 | 558,000 | 876,000 | 957,000 | 914,000 | 1,211,000 | 566,000 | 535,000 | 531,000 | 114,000 | 78,000 | 7,000 | -105,000 | -132,000 | 91,000 | 100,000 |
| 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 |
| ROA | 2.16% | 1.70% | 1.84% | 1.53% | 1.51% | 2.06% | 3.29% | 3.59% | 3.31% | 4.67% | 2.13% | 1.94% | 1.96% | 0.44% | 0.30% | 0.03% | -0.45% | -0.57% | 0.39% | 0.43% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $611,000K ÷ $28,312,000K
= 2.16%
Tenet Healthcare Corp.'s return on assets (ROA) has exhibited fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the ROA stood at 2.16%, representing an improvement from the previous quarter. However, this figure remains lower than the ROA reported in Q2 and Q1 of 2022.
The ROA was relatively stable in Q1 and Q2 of 2023, hovering around the 1.80% mark, before experiencing a slight decrease in Q3 2023. It is worth noting that the ROA was higher in the first two quarters of 2022, with Q2 2022 showing the highest ROA of 3.59% in the provided data.
Overall, the trend in ROA for Tenet Healthcare Corp. indicates variability in the company's ability to generate profits relative to its assets. Stakeholders may need to closely monitor these fluctuations and consider the underlying factors influencing the company's profitability and asset utilization.
Peer comparison
Dec 31, 2023