Brightspring Health Services, Stock Return On Asset

BTSGU Stock   69.15  1.09  1.60%   
BrightSpring Health Services, fundamentals help investors to digest information that contributes to BrightSpring Health's financial success or failures. It also enables traders to predict the movement of BrightSpring Stock. The fundamental analysis module provides a way to measure BrightSpring Health's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to BrightSpring Health stock.
Return On Assets is likely to gain to -0.03 in 2024.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

BrightSpring Health Services, Company Return On Asset Analysis

BrightSpring Health's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

 = 

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

BrightSpring Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for BrightSpring Health is extremely important. It helps to project a fair market value of BrightSpring Stock properly, considering its historical fundamentals such as Return On Asset. Since BrightSpring Health's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of BrightSpring Health's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of BrightSpring Health's interrelated accounts and indicators.
-0.640.490.99-0.670.920.990.950.981.00.99-0.860.910.76-0.84-0.940.87-0.89-0.94
-0.64-0.73-0.560.96-0.77-0.58-0.78-0.53-0.67-0.530.72-0.4-0.910.640.65-0.810.880.45
0.49-0.730.41-0.770.730.430.670.390.540.36-0.760.110.87-0.19-0.390.62-0.74-0.32
0.99-0.560.41-0.620.91.00.931.00.990.99-0.830.950.68-0.87-0.960.86-0.84-0.97
-0.670.96-0.77-0.62-0.83-0.63-0.82-0.6-0.71-0.570.82-0.45-0.880.680.72-0.840.910.56
0.92-0.770.730.9-0.830.90.990.890.950.86-0.910.750.89-0.77-0.910.96-0.93-0.84
0.99-0.580.431.0-0.630.90.930.990.990.99-0.840.940.7-0.87-0.950.86-0.86-0.96
0.95-0.780.670.93-0.820.990.930.920.970.89-0.890.80.89-0.83-0.940.97-0.93-0.86
0.98-0.530.391.0-0.60.890.990.920.980.99-0.820.950.65-0.87-0.960.85-0.82-0.98
1.0-0.670.540.99-0.710.950.990.970.980.98-0.880.890.79-0.85-0.950.9-0.91-0.93
0.99-0.530.360.99-0.570.860.990.890.990.98-0.810.950.65-0.85-0.930.81-0.82-0.96
-0.860.72-0.76-0.830.82-0.91-0.84-0.89-0.82-0.88-0.81-0.63-0.820.630.79-0.790.950.82
0.91-0.40.110.95-0.450.750.940.80.950.890.95-0.630.47-0.91-0.930.76-0.67-0.94
0.76-0.910.870.68-0.880.890.70.890.650.790.65-0.820.47-0.57-0.690.86-0.91-0.55
-0.840.64-0.19-0.870.68-0.77-0.87-0.83-0.87-0.85-0.850.63-0.91-0.570.95-0.860.750.85
-0.940.65-0.39-0.960.72-0.91-0.95-0.94-0.96-0.95-0.930.79-0.93-0.690.95-0.930.840.94
0.87-0.810.620.86-0.840.960.860.970.850.90.81-0.790.760.86-0.86-0.93-0.87-0.78
-0.890.88-0.74-0.840.91-0.93-0.86-0.93-0.82-0.91-0.820.95-0.67-0.910.750.84-0.870.78
-0.940.45-0.32-0.970.56-0.84-0.96-0.86-0.98-0.93-0.960.82-0.94-0.550.850.94-0.780.78
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Competition

BrightSpring Total Assets

Total Assets

5.89 Billion

At this time, BrightSpring Health's Total Assets are comparatively stable compared to the past year.
Based on the latest financial disclosure, BrightSpring Health Services, has a Return On Asset of 0.0. This is 100.0% lower than that of the Healthcare sector and about the same as Health Information Services (which currently averages 0.0) industry. The return on asset for all United States stocks is 100.0% lower than that of the firm.

BrightSpring Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BrightSpring Health's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of BrightSpring Health could also be used in its relative valuation, which is a method of valuing BrightSpring Health by comparing valuation metrics of similar companies.
BrightSpring Health is currently under evaluation in return on asset category among its peers.

BrightSpring Health ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, BrightSpring Health's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to BrightSpring Health's managers, analysts, and investors.
Environmental
Governance
Social

BrightSpring Fundamentals

About BrightSpring Health Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze BrightSpring Health Services,'s financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BrightSpring Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BrightSpring Health Services, based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for BrightSpring Stock Analysis

When running BrightSpring Health's price analysis, check to measure BrightSpring Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BrightSpring Health is operating at the current time. Most of BrightSpring Health's value examination focuses on studying past and present price action to predict the probability of BrightSpring Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BrightSpring Health's price. Additionally, you may evaluate how the addition of BrightSpring Health to your portfolios can decrease your overall portfolio volatility.