Certara Inc (CERT)
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 | -12,051 | -31,084 | -78,678 | -61,398 | -55,357 | -33,727 | 19,174 | 13,879 | 14,731 | -4,142 | -9,840 | -12,108 | -13,266 | -58,014 | -55,025 | -49,391 | -49,397 | -965 | 601 | -5,028 |
| Total assets | US$ in thousands | 1,575,100 | 1,543,230 | 1,539,610 | 1,542,380 | 1,563,140 | 1,526,820 | 1,572,220 | 1,566,760 | 1,572,920 | 1,508,690 | 1,501,750 | 1,507,030 | 1,511,730 | 1,414,790 | 1,265,340 | 1,262,620 | 1,269,400 | 1,020,380 | 1,056,380 | — |
| ROA | -0.77% | -2.01% | -5.11% | -3.98% | -3.54% | -2.21% | 1.22% | 0.89% | 0.94% | -0.27% | -0.66% | -0.80% | -0.88% | -4.10% | -4.35% | -3.91% | -3.89% | -0.09% | 0.06% | — |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-12,051K ÷ $1,575,100K
= -0.77%
Based on the data provided, Certara Inc's return on assets (ROA) has been fluctuating over the periods mentioned. The ROA started at 0.06% as of June 30, 2020, and then turned negative for several consecutive periods, reaching a low of -5.11% as of June 30, 2024.
The negative ROA figures indicate that Certara Inc's net income generated from its assets has not been sufficient to cover the cost of those assets during those periods. This could imply inefficiency in asset utilization, lower profitability, or potential operational challenges affecting the company's financial performance.
However, towards the end of the period, the ROA improved to 0.94% as of December 31, 2022, and remained positive at 0.89% and 1.22% as of March 31, 2023, and June 30, 2023, respectively. This positive trend suggests a potential turnaround in the company's ability to generate earnings relative to its asset base, indicating improved efficiency or profitability.
The most recent data as of December 31, 2024, shows the ROA at -0.77%. Further analysis would be needed to understand the factors contributing to these fluctuations in the return on assets and to assess Certara Inc's overall financial health and performance.
Peer comparison
Dec 31, 2024