Alkermes Plc (ALKS)

Return on assets (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
Net income (ttm)	US$ in thousands	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	-200,979
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
ROA		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%	-11.43%

June 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $288,723K ÷ $2,206,840K
= 13.08%

Alkermes Plc's return on assets (ROA) has shown fluctuations over the past several quarters. In the most recent quarter, ending June 30, 2024, the ROA was 13.08%, which was a positive improvement from the previous quarter's 20.45%. This suggests that the company's ability to generate profit from its assets improved during this period.

Looking further back, there has been a mix of positive and negative ROA figures. For example, in the quarter ending December 31, 2023, the ROA was 16.65%, indicating a relatively strong performance, while in the quarter ending March 31, 2023, the ROA was -8.54%, representing a period of poor asset utilization and profitability.

Overall, the company has shown variability in its ROA, with some quarters performing better than others. Investors and analysts may want to further investigate the factors contributing to these fluctuations to assess the company's operational efficiency and profitability sustainability.