Universal Health Services Inc (UHS)
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 | 717,795 | 676,237 | 692,062 | 684,811 | 675,609 | 739,913 | 775,450 | 936,412 | 991,590 | 1,061,174 | 1,084,102 | 1,011,007 | 943,953 | 880,421 | 736,332 | 722,723 | 814,854 | 727,753 | 802,309 | 790,041 |
| Total assets | US$ in thousands | 13,967,600 | 13,873,500 | 13,732,300 | 13,556,000 | 13,494,200 | 13,378,900 | 13,296,100 | 13,144,400 | 13,093,500 | 12,846,900 | 12,812,600 | 13,096,300 | 13,476,900 | 12,975,800 | 12,148,500 | 11,620,400 | 11,668,200 | 11,594,400 | 11,752,600 | 11,721,300 |
| ROA | 5.14% | 4.87% | 5.04% | 5.05% | 5.01% | 5.53% | 5.83% | 7.12% | 7.57% | 8.26% | 8.46% | 7.72% | 7.00% | 6.79% | 6.06% | 6.22% | 6.98% | 6.28% | 6.83% | 6.74% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $717,795K ÷ $13,967,600K
= 5.14%
Universal Health Services, Inc.'s return on assets (ROA) has been relatively stable over the past eight quarters, ranging from 4.87% to 7.11%. The ROA for Q4 2023 was 5.14%, showing a slight increase from the previous quarter's 4.87%. This indicates that the company generated $0.0514 in net income for every dollar of assets in the most recent quarter.
While the ROA has fluctuated slightly, it generally remained above 5% throughout the period, suggesting that Universal Health Services, Inc. has been effective in generating profits from its assets. However, the decrease in ROA in the last few quarters may indicate potential challenges in asset utilization or profitability that the company should address to maintain or improve its financial performance.
Peer comparison
Dec 31, 2023