Harmony Biosciences Holdings (HRMY)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 128,853 | 181,468 | 34,597 | -36,944 |
| Total assets | US$ in thousands | 811,448 | 673,870 | 433,443 | 427,074 |
| ROA | 15.88% | 26.93% | 7.98% | -8.65% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $128,853K ÷ $811,448K
= 15.88%
Harmony Biosciences Holdings Inc's return on assets (ROA) has fluctuated over the past four years. In 2023, the ROA was 15.88%, showing a decrease from the previous year's 26.93%. Despite the decrease, the ROA still indicates a positive return on assets for the company. In 2021, the ROA was 7.98%, reflecting a moderate performance compared to the preceding years. Notably, in 2020, the ROA was negative at -14.95%, suggesting that the company's assets were not generating profits during that period. Overall, Harmony Biosciences Holdings Inc's ROA trend has been mixed, with variations in profitability from year to year, indicating the company's varying efficiency in utilizing its assets to generate earnings.
Peer comparison
Dec 31, 2023