Exelixis Inc (EXEL)

Return on assets (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
Net income (ttm)	US$ in thousands	521,267	466,924	349,992	205,054	207,765	92,074	164,243	153,737	182,282	307,621	272,615	298,035	231,063	164,285	94,041	64,770	111,781	152,136	281,628	293,849
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
ROA		17.68%	15.77%	12.62%	7.31%	7.06%	3.09%	5.23%	4.89%	5.93%	10.39%	9.46%	11.23%	8.83%	6.71%	3.97%	2.96%	5.23%	7.21%	13.76%	15.03%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $521,267K ÷ $2,947,690K
= 17.68%

The return on assets (ROA) measures a company's ability to generate profits relative to its total assets. Looking at the data provided for Exelixis Inc, we can see fluctuations in the ROA over the disclosed periods.

Exelixis Inc's ROA was at a relatively high level of 15.03% as of March 31, 2020, indicating that the company was efficient in generating profits from its assets. However, the ROA decreased to 5.23% by December 31, 2020, suggesting a decline in profitability relative to its asset base.

The trend continued with a further decrease to 2.96% by the end of March 31, 2021, indicating a significant drop in profitability. Subsequently, Exelixis Inc managed to improve its ROA to 10.39% by September 30, 2022, demonstrating a recovery in profit generation efficiency.

By December 31, 2024, Exelixis Inc's ROA reached a peak of 17.68%, reflecting a notable improvement in profitability relative to its assets. Overall, the data highlights the company's ability to generate profits from its asset base, with fluctuations observed over the analyzed period.