Illumina Inc (ILMN)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 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
Net income (ttm)	US$ in thousands	-1,222,000	-1,585,000	-3,044,000	-1,290,000	-1,161,000	-1,124,000	-4,186,000	-4,487,000	-4,404,000	-4,152,000	-19,000	701,000	762,000	906,000	768,000	630,000	656,000	638,000	693,000	942,000
Total assets	US$ in thousands	6,303,000	6,014,000	6,081,000	10,040,000	10,111,000	10,122,000	11,774,000	11,811,000	12,252,000	11,256,000	15,448,000	15,274,000	15,217,000	15,063,000	8,675,000	8,755,000	7,585,000	7,404,000	7,248,000	7,261,000
ROA		-19.39%	-26.36%	-50.06%	-12.85%	-11.48%	-11.10%	-35.55%	-37.99%	-35.95%	-36.89%	-0.12%	4.59%	5.01%	6.01%	8.85%	7.20%	8.65%	8.62%	9.56%	12.97%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-1,222,000K ÷ $6,303,000K
= -19.39%

The return on assets (ROA) for Illumina Inc has shown a decreasing trend over the past several quarters. It started at a healthy 12.97% as of March 31, 2020, but gradually declined to -19.39% as of December 31, 2024. This negative trend indicates that the company's ability to generate profit from its assets has been deteriorating over time.

There was a noticeable drop in ROA from June 30, 2022, to December 31, 2022, with the percentage plunging from -0.12% to -35.95%. This significant decline may suggest operational challenges or inefficiencies that impacted the company's profitability relative to its asset base.

Although there were fluctuations in the ROA figures over the periods, the consistent negative values from June 30, 2024, onwards indicate ongoing difficulties in efficiently utilizing the company's assets to generate earnings.

In conclusion, the declining trend in Illumina Inc's ROA signifies a concerning decrease in the company's ability to generate returns on its assets, highlighting potential issues that warrant further investigation and management attention.