Catalyst Pharmaceuticals Inc (CPRX)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	71,410	83,079	39,482	74,983	31,875
Total assets	US$ in thousands	470,114	375,630	237,788	192,354	112,376
ROA		15.19%	22.12%	16.60%	38.98%	28.36%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $71,410K ÷ $470,114K
= 15.19%

Catalyst Pharmaceuticals Inc's return on assets (ROA) has shown fluctuations over the past five years, ranging from 15.19% to 38.98%. The ROA was at its highest in 2020 at 38.98%, indicating that the company generated $0.3898 in profit for every dollar of assets held during that year. However, in the subsequent years, the ROA decreased, with 2023 showing the lowest ROA at 15.19%. This downward trend suggests that the company may not be as efficient in utilizing its assets to generate profits in recent years. It is essential for Catalyst Pharmaceuticals Inc to evaluate and improve its asset management strategies to enhance its ROA and overall financial performance in the future.