Alkermes Plc (ALKS)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 333,346 | 288,723 | 434,430 | 355,757 | 214,724 | 102,992 | -164,209 | -158,267 | -129,140 | -94,154 | -61,654 | -48,169 | -91,684 | -62,830 | -94,625 | -110,861 | -73,573 | -126,317 | -138,876 | -196,620 |
| 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 |
| ROA | 15.47% | 13.08% | 20.45% | 16.65% | 9.42% | 4.71% | -8.54% | -8.06% | -6.65% | -4.81% | -3.12% | -2.38% | -4.59% | -3.24% | -5.04% | -5.69% | -3.92% | -7.01% | -7.61% | -10.89% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $333,346K ÷ $2,155,290K
= 15.47%
The return on assets (ROA) of Alkermes Plc has shown a fluctuating trend over the past 20 quarters. The latest ROA of 15.47% as of September 30, 2024, indicates that the company generated $0.1547 in profit for every $1 of assets it owns during that period.
Looking at the trend, the ROA has generally been positive since December 31, 2020, with occasional dips into negative territory in the following quarters. The highest ROA of 20.45% was recorded on March 31, 2024, suggesting a more efficient utilization of assets to generate profits.
However, the ROA was negative for several quarters in 2022 and early 2023, reaching its lowest at -10.89% on March 31, 2022, and recovering subsequently. This indicates that the company struggled to generate profits relative to its asset base during those periods.
Overall, the recent positive ROA values suggest that Alkermes Plc has been more successful in generating profits from its assets. However, investors should continue to monitor the trend to ensure sustained profitability and efficient asset utilization in the future.
Peer comparison
Sep 30, 2024