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AMN Healthcare Services (AMN Healthcare Services) ROE % : 6.06% (As of Dec. 2023)


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What is AMN Healthcare Services ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. AMN Healthcare Services's annualized net income for the quarter that ended in Dec. 2023 was $50 Mil. AMN Healthcare Services's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $824 Mil. Therefore, AMN Healthcare Services's annualized ROE % for the quarter that ended in Dec. 2023 was 6.06%.

The historical rank and industry rank for AMN Healthcare Services's ROE % or its related term are showing as below:

AMN' s ROE % Range Over the Past 10 Years
Min: 9.08   Med: 24.9   Max: 40.26
Current: 23.86

During the past 13 years, AMN Healthcare Services's highest ROE % was 40.26%. The lowest was 9.08%. And the median was 24.90%.

AMN's ROE % is ranked better than
89.51% of 610 companies
in the Healthcare Providers & Services industry
Industry Median: 4.115 vs AMN: 23.86

AMN Healthcare Services ROE % Historical Data

The historical data trend for AMN Healthcare Services's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AMN Healthcare Services ROE % Chart

AMN Healthcare Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.57 9.08 33.04 40.26 22.47

AMN Healthcare Services Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.07 33.65 28.29 26.86 6.06

Competitive Comparison of AMN Healthcare Services's ROE %

For the Medical Care Facilities subindustry, AMN Healthcare Services's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AMN Healthcare Services's ROE % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, AMN Healthcare Services's ROE % distribution charts can be found below:

* The bar in red indicates where AMN Healthcare Services's ROE % falls into.



AMN Healthcare Services ROE % Calculation

AMN Healthcare Services's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=210.679/( (1043.634+831.256)/ 2 )
=210.679/937.445
=22.47 %

AMN Healthcare Services's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=49.956/( (817.169+831.256)/ 2 )
=49.956/824.2125
=6.06 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


AMN Healthcare Services  (NYSE:AMN) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=49.956/824.2125
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(49.956 / 3273.076)*(3273.076 / 2789.58)*(2789.58 / 824.2125)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.53 %*1.1733*3.3845
=ROA %*Equity Multiplier
=1.8 %*3.3845
=6.06 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=49.956/824.2125
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (49.956 / 56.02) * (56.02 / 136.68) * (136.68 / 3273.076) * (3273.076 / 2789.58) * (2789.58 / 824.2125)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8918 * 0.4099 * 4.18 % * 1.1733 * 3.3845
=6.06 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


AMN Healthcare Services ROE % Related Terms

Thank you for viewing the detailed overview of AMN Healthcare Services's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


AMN Healthcare Services (AMN Healthcare Services) Business Description

Traded in Other Exchanges
Address
8840 Cypress Waters Boulevard, Suite 300, Dallas, TX, USA, 75019
AMN Healthcare Services is one of the largest healthcare staffing company in the United States. In 2022, it offered almost 12,000 nurses and allied healthcare full-time workers with provider clients nationwide. About two thirds of its business is generated from its temporary nursing division; the other third is generated from its physician placement and technology-backed workplace solutions divisions.
Executives
Mark Christopher Hagan officer: Chief Information and Digital C/O AMN HEALTHCARE SERVICES, INC., 12400 HIGH BLUFF DRIVE, SUITE 100, SAN DIEGO CA 92130
Jeffrey R Knudson officer: CFO C/O AMN HEALTHCARE SERVICES INC., 8840 CYPRESS WATERS BOULEVARD, SUITE 300, DALLAS TX 75019
Whitney M Laughlin officer: Chief Legal Officer C/O AMN HEALTHCARE SERVICES, INC., 2999 OLYMPUS BLVD., STE 500, DALLAS TX 75019
Daphne E Jones director 275 NORTH FIELD DRIVE, LAKE FOREST IL 60045
Mark G Foletta director AMYLIN PHARMACEUTICALS INC, 9360 TOWNE CENTRE DR, SAN DIEGO CA 92121
Denise L Jackson officer: General Counsel/Sr. VP 12400 HIGH BLUFF DRIVE, SUITE 100, SAN DIEGO CA 92130
Caroline Grace director, officer: Chief Executive Officer 200 E. RANDOLPH ST., CHICAGO IL 60601
Douglas D Wheat director C/O HAAS WHEAT & PARTNERS LP, 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Susan Nowakowski director, officer: President and COO 14778 EL RODEO CT., RANCHO SANTA FE CA 92067
Jorge A. Caballero director C/O AMN HEALTHCARE SERVICES INC., 8840 CYPRESS WATERS BOULEVARD, SUITE 300, DALLAS TX 75019
Christopher S Schwartz officer: Interim Principal Financial C/O AMN HEALTHCARE SERVICES INC., 8840 CYPRESS WATERS BOULEVARD, SUITE 300, DALLAS TX 75019
R Jeffrey Harris director 20735 BARTLETT DRIVE, BROOKFIELD WI 53045
Brian M. Scott officer: CFO/CAO 12400 HIGH BLUFF DRIVE, SUITE 100, SAN DIEGO CA 92130
Martha H. Marsh director 9769 WEXFORD CIRCLE, GRANITE BAY CA 95746
Sylvia Trent-adams director C/O AMN HEALTHCARE SERVICES, INC., 8840 CYPRESS WATERS BLVD, SUITE 300, DALLAS TX 75019