Alkermes Plc (ALKS)
Return on assets (ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 367,070 | 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 |
| Total assets | US$ in thousands | 2,055,570 | 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 |
| ROA | 17.86% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $367,070K ÷ $2,055,570K
= 17.86%
Alkermes Plc's Return on Assets (ROA) has exhibited significant fluctuations over the specified periods. From March 31, 2020, to June 30, 2023, the ROA remained negative, indicating a net loss relative to total assets. However, there was a notable improvement in the performance from June 30, 2023, with a positive ROA of 4.71%. Subsequently, there was a further increase in ROA to 20.45% as of March 31, 2024, indicating a substantial improvement in the company's efficiency in generating profits from its assets. This positive trend continued with ROA figures of 13.08%, 15.47%, and 17.86% for the subsequent quarters, demonstrating consistent growth in profitability relative to assets employed.
This analysis suggests that Alkermes Plc experienced a period of losses before transitioning to a phase of profitability and efficiency in asset utilization. The recent uptrend in ROA reflects the company's enhanced performance and ability to generate higher returns from its assets, which may indicate improved operational effectiveness and potentially enhance shareholder value. However, continued monitoring of ROA is recommended to assess the sustainability of this positive trend and evaluate the company's overall financial health and performance.
Peer comparison
Dec 31, 2024