Incyte Corporation (INCY)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 597,599 | 340,660 | 948,581 | -295,697 | 446,906 |
| Total assets | US$ in thousands | 6,782,110 | 5,840,980 | 4,933,350 | 3,560,920 | 3,426,750 |
| ROA | 8.81% | 5.83% | 19.23% | -8.30% | 13.04% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $597,599K ÷ $6,782,110K
= 8.81%
The Return on Assets (ROA) for Incyte Corp. has fluctuated over the past five years, indicating varying levels of efficiency in generating profits from its assets. In 2023, the ROA stands at 8.81%, showing an improvement from the previous year's 5.83%. This suggests that the company has been more effective in leveraging its assets to generate earnings.
The sharp decline in ROA in 2020 to -8.30% indicates that the company experienced difficulties in generating profits relative to its asset base during that period. However, Incyte Corp. rebounded strongly in 2021 with an ROA of 19.23%, signaling a significant improvement in profitability efficiency.
The ROA figure for 2019 was 13.04%, indicating that the company was efficient in generating profits from its assets in that year. Overall, the trend in ROA suggests that Incyte Corp. has experienced fluctuations in asset utilization efficiency over the past five years, with varying levels of profitability relative to its asset base.
Peer comparison
Dec 31, 2023