Exelixis Inc (EXEL)

Return on assets (ROA)

		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	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	321,012	612,358	641,536	649,988
Total assets	US$ in thousands	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	1,885,670	1,784,860	1,643,100	1,541,790
ROA		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%	17.02%	34.31%	39.04%	42.16%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $207,765K ÷ $2,942,360K
= 7.06%

Exelixis Inc's return on assets (ROA) has displayed fluctuations over the past several quarters. The ROA for the most recent quarter ending December 31, 2023, was 7.06%, showing an increase from the previous quarter. This improvement could indicate a more effective utilization of the company's assets to generate profits.

Looking back over the past few quarters, the ROA has shown a general upward trend since the beginning of 2022, with some quarterly variations. The highest ROA was recorded in the first quarter of 2019 at 42.16%, which was significantly higher compared to recent quarters.

The ROA values demonstrate the company's ability to generate earnings from its assets. The varying ROA figures suggest that Exelixis Inc's asset efficiency and profitability have seen changes over time, which could be influenced by factors such as operational performance, asset management strategies, and economic conditions.

Overall, analyzing Exelixis Inc's ROA over multiple quarters provides insights into the company's financial performance and its ability to generate profits relative to its assets.