Hologic Inc (HOLX)
Operating return on assets (Operating ROA)
| Sep 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 882,600 | 542,500 | 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 |
| Total assets | US$ in thousands | 9,156,000 | 8,714,400 | 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 |
| Operating ROA | 9.64% | 6.23% | 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% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $882,600K ÷ $9,156,000K
= 9.64%
Hologic Inc's operating return on assets (operating ROA) has displayed fluctuations over the past several quarters. The operating ROA ranged from -2.21% to 31.15% during the period under review.
The operating ROA started on a negative note in the fourth quarter of 2019 but showed improvement in subsequent quarters. It reached a peak of 31.15% in the first quarter of 2021, signifying strong operational efficiency and profitability. However, the operating ROA declined in the following quarters but remained positive.
The trend suggests that Hologic Inc's ability to generate profits from its assets has fluctuated over time. The company should focus on maintaining or improving its operating ROA to ensure sustainable performance and create long-term value for its stakeholders.
Peer comparison
Sep 30, 2024