Certara Inc (CERT)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | -55,357 | 14,731 | -13,266 |
| Total assets | US$ in thousands | 1,563,140 | 1,572,920 | 1,511,730 |
| ROA | -3.54% | 0.94% | -0.88% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-55,357K ÷ $1,563,140K
= -3.54%
The Return on Assets (ROA) for Certara Inc has fluctuated over the past four years. In 2023, the ROA was reported at -3.54%, indicating a negative return on the company's assets for that year. This represents a significant decline compared to the previous year, where the ROA was 0.94%, implying a positive return on assets.
Looking further back, in 2021 Certara Inc experienced another negative ROA of -0.88%, although it was an improvement from the ROA of -3.89% in 2020. Overall, the company's ROA performance seems to have been inconsistent, with negative returns in two out of the four years analyzed.
The negative ROA values suggest that Certara Inc may be struggling to generate profits relative to the value of its assets. Further examination of the company's financial health and operational efficiency would be necessary to understand the underlying reasons for the fluctuating ROA values.
Peer comparison
Dec 31, 2023