Gilead Sciences Inc (GILD)
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 | 5,664,000 | 5,875,000 | 5,484,000 | 5,583,000 | 4,592,000 | 3,334,000 | 4,137,000 | 4,515,000 | 6,225,000 | 7,394,000 | 5,162,000 | 301,000 | 123,000 | 1,268,000 | -257,000 | 4,962,000 | 5,386,000 | 2,693,000 | 5,955,000 | 5,892,000 |
| Total assets | US$ in thousands | 62,125,000 | 62,373,000 | 62,337,000 | 61,876,000 | 63,171,000 | 62,557,000 | 62,870,000 | 63,080,000 | 67,952,000 | 67,098,000 | 67,984,000 | 67,492,000 | 68,407,000 | 60,878,000 | 55,934,000 | 59,741,000 | 61,627,000 | 59,146,000 | 63,210,000 | 62,837,000 |
| ROA | 9.12% | 9.42% | 8.80% | 9.02% | 7.27% | 5.33% | 6.58% | 7.16% | 9.16% | 11.02% | 7.59% | 0.45% | 0.18% | 2.08% | -0.46% | 8.31% | 8.74% | 4.55% | 9.42% | 9.38% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $5,664,000K ÷ $62,125,000K
= 9.12%
The return on assets (ROA) for Gilead Sciences, Inc. has been relatively stable over the past eight quarters, ranging between 5.33% and 9.42%.
The company's ROA peaked in Q3 2023 at 9.42%, indicating that for every dollar of assets, Gilead generated a profit of 9.42 cents. This was a positive sign as it showed improved efficiency in the utilization of the company's assets to generate earnings.
Overall, Gilead's ROA performance demonstrates consistent profitability and efficiency in utilizing its assets to generate earnings over the analyzed period. The upward trend in the ROA figures in recent quarters is a positive indicator of the company's operational performance and financial health.
Peer comparison
Dec 31, 2023