Tenet Healthcare Corporation (THC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,200,000 | 3,126,000 | 2,755,000 | 2,619,000 | 764,000 | 794,000 | 961,000 | 1,017,000 | 1,000,000 | 975,000 | 1,156,000 | 1,096,000 | 914,000 | 1,079,000 | 434,000 | 403,000 | 399,000 | -13,000 | -49,000 | -120,000 |
| 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 |
| ROA | 11.06% | 10.64% | 9.41% | 9.06% | 2.70% | 2.88% | 3.54% | 3.76% | 3.68% | 3.60% | 4.34% | 4.11% | 3.31% | 4.16% | 1.63% | 1.52% | 1.47% | -0.05% | -0.19% | -0.50% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,200,000K ÷ $28,936,000K
= 11.06%
The Return on Assets (ROA) of Tenet Healthcare Corporation has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ROA started at a negative level in March 2020 but gradually improved as the company's performance enhanced. It turned positive in December 2020 and continued to increase in the following quarters, reaching peaks in March 2024, June 2024, September 2024, and December 2024.
The improvement in ROA signifies that the company has been effectively utilizing its assets to generate profit. The significant increase in ROA towards the end of the period indicates a substantial improvement in the company's efficiency in generating earnings relative to its assets.
Overall, the upward trend in ROA demonstrates Tenet Healthcare Corporation's ability to manage its assets efficiently and generate higher returns for its shareholders. Investors and stakeholders may view this positively as it reflects the company's operational effectiveness and financial performance.
Peer comparison
Dec 31, 2024