Catalent Inc (CTLT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -413,000 | -1,043,000 | -1,176,000 | -1,302,000 | -1,016,000 | -257,000 | 21,000 | 389,000 | 406,000 | 499,000 | 513,000 | 604,000 | 595,000 | 584,000 | 556,200 | 345,100 | 302,600 | 220,700 | 137,600 | 148,400 |
| 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 |
| ROA | -4.25% | -10.69% | -11.90% | -13.04% | -10.14% | -2.38% | 0.19% | 3.49% | 3.98% | 4.75% | 4.97% | 5.92% | 5.84% | 6.41% | 6.34% | 4.21% | 3.79% | 2.84% | 1.94% | 2.40% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-413,000K ÷ $9,708,000K
= -4.25%
Catalent Inc's return on assets (ROA) has fluctuated over the past few quarters, indicating varying levels of efficiency in generating profits from its assets. The ROA was mostly positive from the end of 2019 to mid-2021, reaching a peak of 6.41% in March 2021. However, there was a decline in ROA in the subsequent quarters, with negative ROA figures appearing in the most recent quarters.
The negative ROA figures from September 2023 onwards suggest that Catalent Inc may be facing challenges in effectively utilizing its assets to generate profits. A negative ROA indicates that the company is not generating sufficient earnings relative to its asset base.
It is important for Catalent Inc to assess the reasons behind the declining ROA and take corrective actions to improve asset efficiency and overall profitability. Monitoring and analyzing the company's asset management practices and financial performance will be crucial in restoring positive ROA figures in the future.
Peer comparison
Sep 30, 2024