Catalent Inc (CTLT)

Return on assets (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
Net income (ttm)	US$ in thousands	-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	151,900
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
ROA		-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%	2.48%

June 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-1,043,000K ÷ $9,753,000K
= -10.69%

The return on assets (ROA) for Catalent Inc has exhibited a fluctuating trend over the past few quarters. The most recent ROA figure of -10.69% as of June 30, 2024, indicates a decline in profitability compared to the previous quarter. Prior to that, the ROA had been on a downward trajectory, hitting a low of -13.04% as of December 31, 2023.

The negative ROA figures suggest that the company is facing challenges in generating profits relative to its total assets. However, it is worth noting that there have been periods of positive ROA, such as the 6.41% recorded on March 31, 2021, and the subsequent quarters where ROA remained above 4%.

Overall, the declining trend in ROA in recent quarters may indicate potential issues with the company's operational efficiency or profitability. It would be important for Catalent Inc to address these challenges to improve its ROA and ensure sustainable financial performance in the future.