Alkermes Plc (ALKS)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 436,523 | 420,961 | 592,347 | 538,066 | 338,909 | 189,074 | -126,652 | -142,265 | -119,300 | -78,318 | -39,440 | -29,287 | -62,399 | -53,407 | -91,489 | -112,427 | -91,632 | -134,586 | -136,848 | -175,479 |
| Total assets | US$ in thousands | 2,155,290 | 2,206,840 | 2,123,900 | 2,136,220 | 2,279,230 | 2,187,180 | 1,922,730 | 1,963,980 | 1,941,900 | 1,957,420 | 1,977,840 | 2,024,480 | 1,995,430 | 1,937,570 | 1,878,220 | 1,949,730 | 1,876,820 | 1,802,340 | 1,825,950 | 1,805,400 |
| Operating ROA | 20.25% | 19.08% | 27.89% | 25.19% | 14.87% | 8.64% | -6.59% | -7.24% | -6.14% | -4.00% | -1.99% | -1.45% | -3.13% | -2.76% | -4.87% | -5.77% | -4.88% | -7.47% | -7.49% | -9.72% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $436,523K ÷ $2,155,290K
= 20.25%
Operating return on assets (operating ROA) is a key financial metric that indicates how well a company is generating operating profits relative to its total assets. A higher operating ROA signifies effective asset utilization and profitability.
Analyzing the trends in Alkermes Plc's operating ROA over the past few quarters, we observe fluctuations in performance. The operating ROA has been mostly negative in the recent past, reaching its lowest point in the first quarter of 2023 at -9.72%. However, there has been a notable improvement since then, with positive operating ROA figures recorded in the subsequent quarters.
In the most recent quarter ending September 30, 2024, Alkermes Plc's operating ROA stands at 20.25%, indicating a significant improvement in the company's ability to generate operating profits from its assets. This suggests that the company has been more efficient and profitable in its operations during this period.
Overall, the positive trend in operating ROA in the recent quarters reflects a potentially improving profitability and asset utilization for Alkermes Plc. However, it is important to continue monitoring this metric to ensure sustained performance and profitability in the future.
Peer comparison
Sep 30, 2024