Exelixis Inc (EXEL)

Operating return on assets (Operating ROA)

Dec 31, 2024 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
Operating income (ttm) US$ in thousands 604,617 523,199 369,541 171,517 170,885 41,019 141,215 147,071 201,484 366,206 335,214 374,516 286,666 194,319 100,118 52,644 110,060 163,079 321,265 337,720
Total assets US$ in thousands 2,947,690 2,960,280 2,773,120 2,803,750 2,942,360 2,976,910 3,142,470 3,143,360 3,071,490 2,961,370 2,881,400 2,654,120 2,616,240 2,447,740 2,367,270 2,190,540 2,137,330 2,111,040 2,046,550 1,955,600
Operating ROA 20.51% 17.67% 13.33% 6.12% 5.81% 1.38% 4.49% 4.68% 6.56% 12.37% 11.63% 14.11% 10.96% 7.94% 4.23% 2.40% 5.15% 7.73% 15.70% 17.27%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $604,617K ÷ $2,947,690K
= 20.51%

Exelixis Inc's operating return on assets (ROA) has shown fluctuations over the past few years, indicating varying levels of operational efficiency. The trend in operating ROA demonstrates a peak at 20.51% as of December 31, 2024, which suggests improved profitability generated from its asset base. Prior to this, the operating ROA had been on an upward trajectory since the second quarter of 2022, reaching a low point of 1.38% as of September 30, 2023.

The operating ROA saw a significant decline from the peak in December 2024 to 17.67% as of September 30, 2024. This could be a signal of potential challenges in sustaining high levels of operational efficiency. However, the operating ROA has generally exhibited positive performance, notably surpassing the industry average and indicating effective management of assets to generate operating profits.

Further analysis of the company's operations and financial performance is necessary to understand the factors driving these fluctuations in operating ROA and to assess the overall financial health and sustainability of Exelixis Inc.