Alkermes Plc (ALKS)
Operating return on assets (Operating ROA)
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 375,615 | 547,001 | 492,720 | 293,563 | 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 | -165,525 |
| Total assets | US$ in thousands | 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 | 1,758,000 |
| Operating ROA | 17.02% | 25.75% | 23.07% | 12.88% | 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% | -9.42% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $375,615K ÷ $2,206,840K
= 17.02%
The operating return on assets (operating ROA) of Alkermes Plc has exhibited fluctuation over the past few quarters. There has been a noticeable improvement in the operating ROA from Jun 30, 2022, to Jun 30, 2024, with the ratio increasing from -4.00% to 17.02%.
The positive trend in operating ROA suggests that the company has been able to generate more operating income relative to its assets in recent quarters, indicating improved operational efficiency or increased profitability.
However, it is important to note that the operating ROA had significantly deteriorated in the quarters leading up to Jun 30, 2022, hitting negative values. This suggests that during that period, the company may have been experiencing challenges in effectively utilizing its assets to generate operating income.
Overall, the upward trend in operating ROA in the most recent quarters is a positive sign for Alkermes Plc, reflecting potential improvements in operational performance and profitability. It will be important to monitor future trends to assess the company's ability to sustain or further enhance its operating return on assets.
Peer comparison
Jun 30, 2024