Tenet Healthcare Corporation (THC)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,608,000 | 1,464,000 | 1,343,000 | 1,233,000 | 1,142,000 | 1,235,000 | 1,087,000 | 1,056,000 | 1,028,000 | 722,000 | 261,000 | 123,000 | 28,000 | -374,000 | -257,000 | -358,000 | -417,000 | -341,000 | -108,000 | -134,000 |
| ROE | 38.00% | 32.04% | 37.16% | 33.58% | 35.99% | 45.18% | 80.59% | 90.62% | 88.91% | 167.73% | 216.86% | 434.96% | 1,896.43% | — | — | — | — | — | — | — |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $611,000K ÷ $1,608,000K
= 38.00%
Tenet Healthcare Corp.'s return on equity (ROE) has shown some fluctuations over the past eight quarters. In Q1 2022, the ROE was exceptionally high at 90.62%, indicating strong profitability in relation to shareholders' equity. However, this figure dropped to 80.59% in Q2 2022 before declining further in subsequent quarters.
Throughout 2023, the ROE fluctuated between 32.04% and 38.00%. While the ROE remained above 30% in each quarter, there was no clear trend in its performance during this period.
Overall, Tenet Healthcare Corp. has demonstrated variable ROE figures in recent quarters, indicating fluctuations in its profitability in relation to shareholders' equity. Further analysis and comparison with industry peers may provide greater insights into the company's financial performance.
Peer comparison
Dec 31, 2023