Hologic Inc (HOLX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | -29,600 | -10,600 |
| 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 |
| ROA | 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% | -0.45% | -0.16% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $515,100K ÷ $8,469,500K
= 6.08%
Hologic Inc's return on assets (ROA) has shown some fluctuations over the past few years. ROA measures the efficiency of the company in generating profits from its assets.
From Dec 31, 2019, to Mar 31, 2020, the ROA was negative, indicating that the company's assets were not effectively utilized to generate profits during that period. However, there was a significant improvement in ROA from Mar 31, 2020, to Jun 30, 2020, as it increased to 7.25%. This trend of improvement continued, with ROA peaking at 23.68% on Sep 30, 2021.
Subsequently, ROA declined slightly but remained relatively high until Dec 31, 2022. However, there was a more significant drop in ROA in the following quarters until Jun 30, 2023. Despite the fluctuations, Hologic Inc's ROA remained positive overall, indicating that the company has been generating profits from its assets, albeit at varying levels of efficiency.
Overall, Hologic Inc's ROA trend suggests that the company has experienced periods of strong asset efficiency, but also some challenges in maintaining consistent profitability from its assets in recent quarters. Further analysis would be needed to understand the underlying reasons for these fluctuations and devise strategies to improve asset utilization and profitability.
Peer comparison
Dec 31, 2023