Hologic Inc (HOLX)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 604,200 | 668,400 | 676,800 | 939,300 | 1,261,300 | 1,640,200 | 1,938,800 | 2,033,500 | 2,236,200 | 2,480,400 | 2,673,700 | 2,506,100 | 1,865,700 | 1,105,000 | 385,700 | 340,000 | -139,600 | -123,900 | 61,600 | 49,400 |
| Total assets | US$ in thousands | 8,469,500 | 9,139,300 | 9,337,900 | 9,448,700 | 9,290,300 | 9,071,200 | 9,357,400 | 9,514,500 | 9,285,100 | 8,919,900 | 8,590,600 | 8,044,000 | 7,550,700 | 7,195,800 | 6,803,100 | 6,821,800 | 6,311,900 | 6,442,100 | 6,522,400 | 6,525,300 |
| Operating ROA | 7.13% | 7.31% | 7.25% | 9.94% | 13.58% | 18.08% | 20.72% | 21.37% | 24.08% | 27.81% | 31.12% | 31.15% | 24.71% | 15.36% | 5.67% | 4.98% | -2.21% | -1.92% | 0.94% | 0.76% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $604,200K ÷ $8,469,500K
= 7.13%
Hologic Inc's operating return on assets (operating ROA) has shown fluctuations over the past few quarters. From Mar 31, 2019, to Sep 30, 2022, the operating ROA increased consistently, reaching a peak of 31.15% in Jun 30, 2021. This upward trend indicates efficient utilization of assets to generate operating income during this period.
However, starting from Dec 31, 2022, the operating ROA began to decline, dropping to 7.13% by the end of Dec 31, 2023. This decrease suggests a potential decline in the company's ability to generate operating income from its assets.
It is essential for stakeholders to monitor the operating ROA closely to assess the company's operational efficiency and profitability in utilizing its assets effectively. Further analysis and investigation will be needed to understand the factors contributing to the fluctuations in the operating ROA and to implement strategies to improve it in the future.
Peer comparison
Dec 31, 2023