Certara Inc (CERT)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -12,051 | -55,357 | 14,731 | -13,266 | -49,397 |
| Total assets | US$ in thousands | 1,575,100 | 1,563,140 | 1,572,920 | 1,511,730 | 1,269,400 |
| ROA | -0.77% | -3.54% | 0.94% | -0.88% | -3.89% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-12,051K ÷ $1,575,100K
= -0.77%
Based on the data provided, Certara Inc's return on assets (ROA) has exhibited fluctuations over the years. The ROA was negative at -3.89% as of December 31, 2020, indicating that the company generated a loss relative to its assets. Subsequently, there was an improvement in ROA to -0.88% by December 31, 2021, although still negative.
By December 31, 2022, Certara Inc's ROA turned positive at 0.94%, reflecting a more favorable performance in utilizing its assets to generate income. The positive trend was short-lived as the ROA decreased to -3.54% by December 31, 2023, signaling a decline in asset productivity or profitability.
Finally, as of December 31, 2024, the ROA improved slightly to -0.77%, which, while still negative, suggests a modest recovery compared to the previous year. Overall, Certara Inc's ROA performance shows significant variability, highlighting the importance of closely monitoring its asset management and profitability strategies to enhance overall financial performance.
Peer comparison
Dec 31, 2024