Fulgent Genetics Inc (FLGT)
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 | -42,708 | -164,969 | -163,428 | -165,947 | -168,334 | -64,261 | -49,811 | -27,045 | 142,783 | 271,198 | 392,377 | 460,652 | 507,364 | 569,332 | 493,448 | 416,957 | 214,310 | 47,707 | 2,531 | -459 |
Total assets | US$ in thousands | 1,219,960 | 1,233,760 | 1,232,240 | 1,229,880 | 1,273,110 | 1,358,400 | 1,354,580 | 1,376,770 | 1,386,050 | 1,405,780 | 1,461,660 | 1,465,590 | 1,278,720 | 1,204,670 | 1,049,860 | 999,083 | 700,461 | 247,311 | 95,915 | 89,325 |
ROA | -3.50% | -13.37% | -13.26% | -13.49% | -13.22% | -4.73% | -3.68% | -1.96% | 10.30% | 19.29% | 26.84% | 31.43% | 39.68% | 47.26% | 47.00% | 41.73% | 30.60% | 19.29% | 2.64% | -0.51% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-42,708K ÷ $1,219,960K
= -3.50%
Fulgent Genetics Inc's return on assets (ROA) has shown significant fluctuations over the past few years based on the provided data.
The ROA started at a negative figure of -0.51% as of March 31, 2020, indicating that the company was not utilizing its assets efficiently to generate profits. However, the ROA turned positive in the subsequent quarters, reaching a peak of 47.26% on September 30, 2021.
From December 31, 2021, onwards, the ROA began to decline steadily, dropping to 10.30% by the end of December 31, 2022, before entering negative territory in the following periods. The company experienced a significant decline in ROA, falling to -13.49% by March 31, 2024.
Overall, Fulgent Genetics Inc's ROA has been volatile, indicating fluctuations in the company's profitability relative to its total assets. The declining trend in recent periods suggests potential inefficiencies in asset utilization or decreasing profitability. Further analysis of the company's financial performance and operational strategies may be needed to address these fluctuations and improve ROA in the future.
Peer comparison
Dec 31, 2024