Catalyst Pharmaceuticals Inc (CPRX)

Return on assets (ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	71,410	62,037	115,549	99,406	83,079	66,917	54,498	45,060	39,482	41,610	74,621	72,220	74,983	71,476	41,766	42,946	31,875	9,445	-12,024	-28,949
Total assets	US$ in thousands	470,114	413,211	443,896	407,227	375,630	333,114	267,309	246,972	237,788	223,248	209,130	197,216	192,354	174,860	131,412	117,880	112,376	96,691	78,234	61,077
ROA		15.19%	15.01%	26.03%	24.41%	22.12%	20.09%	20.39%	18.24%	16.60%	18.64%	35.68%	36.62%	38.98%	40.88%	31.78%	36.43%	28.36%	9.77%	-15.37%	-47.40%

December 31, 2023 calculation

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

The return on assets (ROA) for Catalyst Pharmaceuticals Inc has shown a fluctuating trend over the past few quarters.

In the most recent quarter, the ROA stood at 15.19%, reflecting the company's ability to generate a profit relative to its total assets. Looking at the trend, we can observe that the ROA has generally been on an upward trajectory since the beginning of 2021 when it was 9.77%. The ROA peaked in the second quarter of 2021 at an impressive 40.88%, indicating a strong performance during that period.

The ROA then experienced a slight dip in the following quarters but remained at relatively healthy levels. Notably, in the second quarter of 2022 and the third quarter of 2022, the ROA rose above 20%, suggesting efficient asset utilization and profitability.

It's essential to highlight the significant improvement in ROA compared to the last three quarters of 2019 and 2020, where the company had negative ROA figures, indicating operational inefficiencies and potentially poor financial performance during that period.

Overall, the recent ROA figures demonstrate that Catalyst Pharmaceuticals Inc has been effectively managing its assets to generate profits, with the most recent quarters showing continued stability with ROA figures ranging from 15.01% to 26.03%.