Illumina Inc (ILMN)
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 | -1,160,000 | -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 | 1,002,000 | 973,000 | 938,000 | 851,000 |
| Total assets | US$ in thousands | 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 | 7,316,000 | 7,089,000 | 6,973,000 | 7,390,000 |
| ROA | -11.47% | -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% | 13.70% | 13.73% | 13.45% | 11.52% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-1,160,000K ÷ $10,111,000K
= -11.47%
Illumina Inc's return on assets (ROA) has exhibited significant fluctuations over the past eight quarters. The ROA ranged from a low of -37.99% in Q1 2023 to a high of 4.59% in Q1 2022. The company experienced negative ROA figures in most quarters, indicating that it generated relatively low profits compared to its total assets. This trend suggests potential inefficiencies in asset utilization and profitability. Further analysis and comparison with industry peers may be necessary to determine the underlying factors contributing to the fluctuating ROA and to assess the company's overall financial performance.
Peer comparison
Dec 31, 2023