Harmony Biosciences Holdings (HRMY)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | 192,030 | 120,186 | 87,528 | 16,986 |
| Total assets | US$ in thousands | 811,448 | 673,870 | 433,443 | 427,074 |
| Operating ROA | 23.67% | 17.84% | 20.19% | 3.98% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $192,030K ÷ $811,448K
= 23.67%
Harmony Biosciences Holdings Inc's operating return on assets (operating ROA) has shown an increasing trend over the past four years. The company's operating ROA was 3.98% in 2020, which then increased to 20.19% in 2021, further increasing to 17.84% in 2022, and reaching 23.67% in 2023. This indicates that the company has been more efficient in generating operating income from its assets over the years, reflecting improved operational performance and utilization of its assets to generate profits. The significant increase in operating ROA from 2020 to 2021 suggests that Harmony Biosciences Holdings Inc implemented strategies that resulted in better utilization of its assets to drive profitability. Overall, the improving trend in operating ROA indicates positive operational efficiency and effectiveness in generating returns for the company.
Peer comparison
Dec 31, 2023