Hologic Inc (HOLX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 789,500 | 466,500 | 515,100 | 456,000 | 484,100 | 753,000 | 990,200 | 1,302,000 | 1,512,100 | 1,551,800 | 1,715,500 | 1,869,700 | 2,034,400 | 1,902,700 | 1,378,100 | 1,110,500 | 493,500 | 451,000 | 83,600 | -203,600 |
| 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 |
| ROA | 8.62% | 5.35% | 6.08% | 4.99% | 5.18% | 7.97% | 10.66% | 14.35% | 16.16% | 16.31% | 18.48% | 20.96% | 23.68% | 23.65% | 18.25% | 15.43% | 7.25% | 6.61% | 1.32% | -3.16% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $789,500K ÷ $9,156,000K
= 8.62%
Hologic Inc's return on assets (ROA) has shown fluctuations over the past several quarters. The ROA was 8.62% as of September 30, 2024, which indicates that the company generated a net income of approximately 8.62 cents for every dollar of assets it possesses. This figure represents an improvement compared to the previous quarter's ROA of 5.35%.
Looking back over the last few quarters, the ROA has ranged from a low of -3.16% in September 2019 to a high of 23.68% in December 2021. The upward trend in the ROA in the recent quarters signals an increase in the company's efficiency in generating profits from its assets.
It is essential to consider the reasons behind these fluctuations in ROA, such as changes in the company's operational efficiency, profitability, and asset utilization. Investors and analysts may further examine the company's financial statements and performance metrics to assess the sustainability and competitiveness of Hologic Inc's ROA over the long term.
Peer comparison
Sep 30, 2024