Incyte Corporation (INCY)

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	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	404,964	305,869	252,945
Total assets	US$ in thousands	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	3,214,820	2,947,630	2,754,160
ROA		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%	12.60%	10.38%	9.18%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $597,599K ÷ $6,782,110K
= 8.81%

Over the past eight quarters, Incyte Corp.'s return on assets (ROA) has displayed some fluctuations. In Q4 2023, the ROA stood at 8.81%, reflecting an improvement compared to the previous quarters. Prior to that, in Q3 and Q2 2023, the ROA was 6.65% and 5.90%, respectively, showing a positive trend. However, there was a slight decrease in Q1 2023 to 5.59%.

Comparing the recent performance to the same quarter of the previous year, Q4 2022 had an ROA of 5.83%, lower than the Q4 2023 figure but still in the same range. Notably, the ROA was significantly higher in Q3, Q2, and Q1 2022, at 15.90%, 17.77%, and 18.46%, respectively.

Overall, Incyte Corp.'s ROA has seen variations over the periods analyzed, with fluctuations possibly influenced by changes in asset utilization, profitability, or financial leverage. Further analysis and comparison with industry benchmarks may provide more insights into the company's performance and efficiency in generating profits from its assets.