US Physicalrapy Inc (USPH)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 28,239 | 32,158 | 40,831 | 35,194 | 40,039 |
| Total assets | US$ in thousands | 997,238 | 858,154 | 749,426 | 594,361 | 630,501 |
| ROA | 2.83% | 3.75% | 5.45% | 5.92% | 6.35% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $28,239K ÷ $997,238K
= 2.83%
U.S. Physical Therapy, Inc.'s return on assets (ROA) has exhibited a declining trend over the past five years. The ROA decreased from 5.57% in 2019 to 1.82% in 2023. This indicates that the company's ability to generate profits from its assets has weakened over time. The declining trend suggests potential inefficiencies in asset utilization or decreasing profitability relative to the total assets employed by the company. Further investigation into the factors impacting ROA, such as operational performance, asset management, or overall market conditions, may be necessary to identify potential areas for improvement.
Peer comparison
Dec 31, 2023