Incyte Corporation (INCY)

Return on assets (ROA)

		Dec 31, 2024	Sep 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	Dec 31, 2019
Net income (ttm)	US$ in thousands	678,295	648,352	745,444	597,599	424,981	366,487	324,371	340,660	876,050	945,014	933,038	948,581	534,580	337,638	478,480	-295,697	-334,542	-191,068	-376,048	446,906
Total assets	US$ in thousands	5,444,320	5,012,430	7,135,600	6,782,110	6,388,240	6,208,260	5,797,620	5,840,980	5,510,210	5,319,040	5,054,220	4,933,350	4,198,830	3,904,620	3,661,440	3,560,920	3,307,430	3,212,320	2,752,420	3,426,750
ROA		12.46%	12.93%	10.45%	8.81%	6.65%	5.90%	5.59%	5.83%	15.90%	17.77%	18.46%	19.23%	12.73%	8.65%	13.07%	-8.30%	-10.11%	-5.95%	-13.66%	13.04%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $678,295K ÷ $5,444,320K
= 12.46%

Incyte Corporation's return on assets (ROA) experienced fluctuations during the period covered by the data. The ROA stood at 13.04% as of December 31, 2019, indicating a solid return generated from the company's assets. However, in the following periods, the ROA turned negative, reaching its lowest point of -13.66% as of March 31, 2020. This negative trend continued through June 2020, albeit with slightly less negative figures.

From September 2020 onwards, Incyte Corporation's ROA started to improve, gradually climbing back into positive territory. By December 31, 2021, the ROA had increased significantly to 19.23%, reflecting improved asset utilization and profitability. This upward trend continued into 2022, with ROA figures remaining at relatively high levels.

However, there was a slight decline in ROA towards the end of 2022, dropping to 5.83% by December 31. The subsequent quarters of 2023 also showed relatively lower ROA figures compared to the peak in 2021 and early 2022. Notably, there was a slight increase in ROA by the end of 2023, reaching 8.81%.

The trend reversed positively in 2024, with ROA figures showing an upward trajectory, reaching a peak of 12.93% as of September 30 and then slightly decreasing to 12.46% by December 31, 2024. Overall, the analysis highlights the varying performance of Incyte Corporation in terms of generating profits from its assets, showcasing the company's ability to adapt and optimize asset utilization over time.