Hologic Inc (HOLX)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 789,500 | 456,000 | 1,302,000 | 1,871,500 | 1,115,200 |
| Total assets | US$ in thousands | 9,156,000 | 9,139,300 | 9,071,200 | 8,919,900 | 7,195,800 |
| ROA | 8.62% | 4.99% | 14.35% | 20.98% | 15.50% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $789,500K ÷ $9,156,000K
= 8.62%
Hologic Inc's return on assets (ROA) has shown fluctuations over the past five years. In 2024, the ROA was 8.62%, which represents a decrease from the previous year's 4.99%. This suggests that the company's ability to generate profits from its assets declined in 2024 compared to 2023.
Looking further back, in 2022, Hologic Inc achieved an ROA of 14.35%, indicating a strong performance in generating profits relative to its assets. The highest ROA in recent years was in 2021 at 20.98%, reflecting a robust profitability level during that period. In 2020, the ROA was 15.50%, showing a solid performance in utilizing assets to generate earnings.
Overall, the trend in Hologic Inc's ROA indicates some volatility, with fluctuations in profitability relative to its asset base. It is essential for the company to closely monitor its asset utilization efficiency to ensure sustainable profitability and value creation for its stakeholders.
Peer comparison
Sep 30, 2024