R1 RCM's Total Assets for the quarter that ended in Mar. 2024 was $5,795 Mil.
During the past 12 months, R1 RCM's average Total Assets Growth Rate was 13.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 67.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 53.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 36.00% per year.
During the past 13 years, R1 RCM's highest 3-Year average Total Assets Growth Rate was 99.40%. The lowest was -17.20%. And the median was 45.50%.
Total Assets is connected with ROA %. R1 RCM's annualizedROA % for the quarter that ended in Mar. 2024 was -2.61%. Total Assets is also linked to Revenue through Asset Turnover. R1 RCM's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.
R1 RCM Total Assets Historical Data
The historical data trend for R1 RCM's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
R1 RCM's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
R1 RCM's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
R1 RCM Total Assets Related Terms
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R1 RCM Inc is a provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers. Its services help healthcare providers generate sustainable improvements in their operating margins and cash flows while also enhancing patient, physician, and staff satisfaction for the customers, Its service offering consists of end-to-end RCM services for health systems, hospitals, and physician groups that provide comprehensive revenue cycle infrastructure to providers, including all revenue cycle personnel, technology solutions, and process workflow. The majority of the revenue comes from the operating fees received.
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