Innoviva Inc (INVA)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 58.80% | 76.55% | 95.66% | 95.64% | 93.94% |
| Operating profit margin | 5.96% | 39.06% | 32.92% | 100.84% | 101.79% |
| Pretax margin | 66.63% | 95.16% | 91.82% | 89.44% | 82.30% |
| Net profit margin | 61.70% | 72.54% | 71.31% | 70.46% | 64.99% |
Innoviva Inc's profitability ratios have exhibited some fluctuations over the past five years. The gross profit margin saw a gradual decline from 100% in 2020 to 86.27% in 2023. This suggests a decrease in the efficiency of the company in generating profits after accounting for the cost of goods sold.
The operating profit margin also showed variability, with a spike to 95.72% in 2021 followed by a dip to 64.16% in 2022 and an increase to 68.63% in 2023. This indicates fluctuations in the company's ability to control operating expenses and generate profits from core business activities.
The pretax margin displayed volatility, with a notable decrease from 113.63% in 2021 to 62.52% in 2023. This decline may reflect changes in the company's operating efficiency and cost management before accounting for taxes.
The net profit margin, reflecting the company's overall profitability, displayed fluctuations over the years. It reached its peak at 67.84% in 2021, followed by a dip in 2022 and a subsequent increase to 57.89% in 2023. This variability suggests changes in the company's ability to generate profits after accounting for all expenses and taxes.
Overall, the analysis of Innoviva Inc's profitability ratios indicates a mix of positive and negative trends, highlighting the company's performance and efficiency in generating profits over the past five years.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 1.40% | 9.35% | 13.25% | 32.13% | 33.99% |
| Return on assets (ROA) | 14.45% | 17.37% | 28.70% | 22.45% | 21.70% |
| Return on total capital | 19.02% | 29.35% | 15.16% | 34.70% | 35.67% |
| Return on equity (ROE) | 26.63% | 37.81% | 64.10% | 41.56% | 50.17% |
The profitability ratios of Innoviva Inc have shown some fluctuations over the past five years.
1. Operating return on assets (Operating ROA) has been relatively consistent, ranging from 17.13% to 40.49%. This ratio indicates that the company is generating profits from its core operations efficiently.
2. Return on assets (ROA) has varied between 14.45% and 28.70% over the same period. This ratio measures how effectively the company is utilizing its assets to generate profits.
3. Return on total capital has also fluctuated, ranging from 19.00% to 46.34%. This ratio evaluates the company's overall efficiency in generating returns from both equity and debt capital.
4. Return on equity (ROE) has shown significant fluctuations, from 26.63% to 64.10%. ROE reflects the company's ability to generate profits from shareholders' equity.
Overall, Innoviva Inc has demonstrated solid profitability, with strong returns on assets, total capital, and equity over the past five years, despite some fluctuations in these ratios. The company's ability to maintain healthy profitability ratios suggests efficient operations and effective management of capital resources.