Exelixis Inc (EXEL)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 604,617 | 170,885 | 201,484 | 286,666 | 110,060 |
| Total assets | US$ in thousands | 2,947,690 | 2,942,360 | 3,071,490 | 2,616,240 | 2,137,330 |
| Operating ROA | 20.51% | 5.81% | 6.56% | 10.96% | 5.15% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $604,617K ÷ $2,947,690K
= 20.51%
Exelixis Inc's operating return on assets (operating ROA) has shown fluctuating trends over the years based on the provided data. The operating ROA increased from 5.15% as of December 31, 2020, to 10.96% as of December 31, 2021, indicating improved efficiency in generating operating income from its assets.
However, there was a decline in operating ROA in the subsequent year, as it dropped to 6.56% as of December 31, 2022. This decline suggests a potential decrease in operating efficiency or asset utilization during that period.
In the following years, the operating ROA remained relatively stable, with percentages around 5.81% as of December 31, 2023, and a notable increase to 20.51% as of December 31, 2024. The significant surge in operating ROA in 2024 could be attributed to enhanced profitability relative to the assets employed, reflecting potentially improved operational performance or strategic asset utilization.
Overall, while Exelixis Inc's operating ROA has exhibited some volatility, the general trend indicates a mix of stronger and weaker periods in terms of generating operating income from its assets. It will be essential for stakeholders to monitor these fluctuations and assess the underlying factors influencing the company's operating efficiency and profitability moving forward.
Peer comparison
Dec 31, 2024