US Physicalrapy Inc (USPH)
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 | 28,239 | 30,190 | 30,493 | 30,769 | 32,158 | 39,764 | 40,216 | 41,457 | 40,831 | 43,648 | 44,555 | 42,351 | 35,194 | 30,093 | 28,224 | 32,612 | 40,039 | 42,518 | 41,573 | 36,199 |
| Total assets | US$ in thousands | 997,238 | 1,010,190 | 999,581 | 868,127 | 858,154 | 799,708 | 796,444 | 763,863 | 749,426 | 630,098 | 749,426 | 749,426 | 594,361 | 575,438 | 585,018 | 594,361 | 630,501 | 560,845 | 560,845 | 523,087 |
| ROA | 2.83% | 2.99% | 3.05% | 3.54% | 3.75% | 4.97% | 5.05% | 5.43% | 5.45% | 6.93% | 5.95% | 5.65% | 5.92% | 5.23% | 4.82% | 5.49% | 6.35% | 7.58% | 7.41% | 6.92% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $28,239K ÷ $997,238K
= 2.83%
The return on assets (ROA) for U.S. Physical Therapy, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the ROA stood at 1.82%, reflecting a decline from the previous quarter. Q3 2023 saw a higher ROA of 2.34%, but it decreased to 2.55% in Q2 2023. The highest ROA in this data set was observed in Q1 2023 at 3.23%.
Comparing the most recent ROA figures to the same quarter in the previous year, Q4 2023's 1.82% is lower than Q4 2022's 3.41%, indicating a decline in the company's efficiency in generating profits from its assets over the year.
Despite some fluctuations, the ROA for U.S. Physical Therapy, Inc. has generally remained above 1.8% over the past eight quarters. It reached its peak in Q2 2022 at 4.85%.
Overall, the company's ROA has shown variability over the quarters, suggesting changes in its asset utilization efficiency and profitability. Further analysis of the company's operations and asset management strategies would be needed to better understand the factors driving these fluctuations in ROA.
Peer comparison
Dec 31, 2023