Catalent Inc (CTLT)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -90,000 | -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 |
| Total assets | US$ in thousands | 9,708,000 | 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 |
| Operating ROA | -0.93% | -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% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-90,000K ÷ $9,708,000K
= -0.93%
The operating return on assets (operating ROA) for Catalent Inc has shown fluctuations over the past few quarters. From September 2019 to September 2020, the operating ROA ranged from 4.71% to 6.95%, indicating relatively stable performance within this period. However, from December 2020 to September 2022, there was a gradual decline in operating ROA, with values fluctuating between 5.07% and 9.01%.
A significant drop in operating ROA was observed starting from December 2022, reaching a low of -12.00% in December 2023. This suggests that during this period, the company's operating income generated from its assets was insufficient to cover its operating costs, resulting in negative returns.
Subsequently, there was a slight improvement in operating ROA from December 2023 to September 2024, where values ranged from -7.68% to -0.93%. Despite this improvement, the company's operating performance still remained suboptimal.
Overall, the declining trend in operating ROA seen in recent quarters indicates that Catalent Inc may be facing challenges in efficiently utilizing its assets to generate operating income. Further analysis of the company's operational efficiency and profitability drivers would be warranted to determine the root causes of these fluctuations in operating ROA.
Peer comparison
Sep 30, 2024