Hologic Inc (HOLX)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 456,000 | 1,302,000 | 1,871,500 | 1,115,200 | -203,600 |
| Total assets | US$ in thousands | 9,139,300 | 9,071,200 | 8,919,900 | 7,195,800 | 6,442,100 |
| ROA | 4.99% | 14.35% | 20.98% | 15.50% | -3.16% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $456,000K ÷ $9,139,300K
= 4.99%
Hologic, Inc.'s return on assets (ROA) has experienced fluctuations over the past five years. In 2023, the ROA decreased to 4.99% from 14.35% in 2022 and 20.98% in 2021, indicating a downward trend in the company's asset utilization efficiency. It's worth noting that the negative ROA in 2019 suggests that the company experienced a loss relative to its assets in that year but has since improved its performance. Consequently, further investigation into the factors influencing the ROA, such as changes in asset structure or profitability, would be necessary to gain a holistic understanding of Hologic, Inc.'s overall performance.
Peer comparison
Sep 30, 2023