Catalent Inc (CTLT)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -749,000 | -981,000 | -1,199,000 | -949,000 | -163,000 | 183,000 | 629,000 | 652,000 | 730,000 | 761,000 | 919,000 | 885,000 | 829,000 | 747,800 | 479,600 | 441,600 | 394,000 | 333,800 | 298,800 | 288,000 |
| Total assets | US$ in thousands | 9,753,000 | 9,879,000 | 9,988,000 | 10,023,000 | 10,777,000 | 10,830,000 | 11,148,000 | 10,206,000 | 10,508,000 | 10,322,000 | 10,203,000 | 10,183,000 | 9,112,000 | 8,769,100 | 8,198,100 | 7,984,200 | 7,777,000 | 7,079,600 | 6,195,300 | 6,119,500 |
| Operating ROA | -7.68% | -9.93% | -12.00% | -9.47% | -1.51% | 1.69% | 5.64% | 6.39% | 6.95% | 7.37% | 9.01% | 8.69% | 9.10% | 8.53% | 5.85% | 5.53% | 5.07% | 4.71% | 4.82% | 4.71% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-749,000K ÷ $9,753,000K
= -7.68%
Operating return on assets (operating ROA) measures a company's efficiency in generating profits from its assets specifically relating to its core operations. Looking at Catalent Inc's operating ROA over the past several quarters, we observe fluctuations in the metric.
The trend indicates a decline in operating ROA from Dec 31, 2022, to Mar 31, 2023, reaching a low of -1.51%. This was followed by an improvement trend until Dec 31, 2023, signifying a recovery in profitability relative to assets employed for operations. However, this uptrend was short-lived as the metric deteriorated to -12.00% by Mar 31, 2024, suggesting a significant decrease in operational efficiency and profitability from assets.
Although the operating ROA continued to be negative in the most recent quarter Jun 30, 2024, indicative of ongoing challenges in generating operational profits from its assets, it is worth noting that the magnitude of the negative return seems to have slightly reduced compared to the previous quarter.
Overall, the varying trend in Catalent Inc's operating ROA reflects fluctuations in the company's operational performance efficiency and its ability to generate profits from the assets employed in its core activities. Continuous monitoring and analysis of this metric will be crucial for understanding the company's operational effectiveness and profitability.
Peer comparison
Jun 30, 2024