Universal Health Services Inc (UHS)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,175,380 | 1,003,560 | 1,363,090 | 1,358,350 | 1,215,910 |
| Total assets | US$ in thousands | 13,967,600 | 13,494,200 | 13,093,500 | 13,476,900 | 11,668,200 |
| Operating ROA | 8.42% | 7.44% | 10.41% | 10.08% | 10.42% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,175,380K ÷ $13,967,600K
= 8.42%
Universal Health Services, Inc.'s operating return on assets (operating ROA) has fluctuated over the past five years, ranging from 7.44% in 2019 to 10.41% in 2021. The company's operating ROA for the most recent year, as of December 31, 2023, is 8.42%. This indicates that the company generated 8.42 cents of operating income for every dollar of assets employed in its operations during the year.
While the operating ROA for 2023 decreased compared to the previous year, it remains relatively stable compared to earlier periods. This suggests that the company's operational efficiency in utilizing its assets to generate earnings has been consistent over the years, with a slight decrease in 2023. It is important for Universal Health Services, Inc. to continue monitoring its operating ROA to ensure efficient asset utilization and profitability in the future.
Peer comparison
Dec 31, 2023