Innoviva Inc (INVA)
Profitability ratios
Return on sales
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 84.56% | 80.05% | 78.70% | 80.15% | 83.23% | 86.36% | 88.60% | 92.40% | 95.84% | 99.01% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating profit margin | 47.42% | 46.20% | 61.13% | 51.45% | 59.19% | 59.57% | 36.97% | 56.58% | 63.30% | 77.57% | 88.99% | 94.18% | 95.72% | 94.85% | 94.46% | 94.43% | 95.35% | 96.18% | 95.65% | 95.01% |
| Pretax margin | 10.23% | 20.35% | 44.89% | 62.20% | 61.84% | 23.49% | 92.51% | 89.21% | 86.60% | 109.35% | 60.64% | 90.96% | 113.63% | 127.99% | 111.32% | 113.14% | 105.18% | 103.56% | 113.87% | 98.15% |
| Net profit margin | 6.40% | 17.79% | 42.67% | 56.95% | 57.26% | 17.17% | 80.35% | 73.35% | 64.56% | 78.39% | 24.64% | 47.30% | 67.84% | 82.58% | 72.56% | 73.65% | 66.63% | 67.16% | 76.18% | 66.41% |
Innoviva Inc's profitability ratios have shown a declining trend over the past few quarters. The gross profit margin, which stood consistently at 100% in the initial quarters, has gradually decreased to 84.56% by December 31, 2024. Similarly, the operating profit margin has decreased from 95.01% in March 31, 2020, to 47.42% by December 31, 2024.
The pretax margin, reflecting the company's profitability before taxes, also fluctuated significantly. Starting at 98.15% in March 31, 2020, it reached a peak of 127.99% in September 30, 2021, before declining to 10.23% by December 31, 2024.
The net profit margin, representing the company's bottom line profitability, has shown fluctuations as well. From 66.41% in March 31, 2020, it reached a high of 82.58% in September 30, 2021, before dropping to 6.40% by December 31, 2024.
Overall, the declining trend in profitability ratios indicates potential challenges in managing costs, generating revenues, and maintaining profit levels over the given period. Further analysis and strategic actions may be required to improve the company's profitability moving forward.
Return on investment
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 13.33% | 13.62% | 17.01% | 12.93% | 14.94% | 14.56% | 9.60% | 15.91% | 17.03% | 21.80% | 31.59% | 33.71% | 40.49% | 40.05% | 43.75% | 29.82% | 32.13% | 33.61% | 32.55% | 34.30% |
| Return on assets (ROA) | 1.80% | 5.24% | 11.87% | 14.31% | 14.45% | 4.20% | 20.87% | 20.62% | 17.37% | 22.04% | 8.75% | 16.93% | 28.70% | 34.87% | 33.60% | 23.26% | 22.45% | 23.47% | 25.92% | 23.98% |
| Return on total capital | 5.65% | 9.73% | 21.48% | 26.60% | 27.15% | 14.05% | 52.09% | 50.25% | 46.08% | 58.08% | 46.03% | 76.06% | 93.31% | 101.69% | 107.21% | 52.93% | 56.15% | 60.12% | 66.81% | 67.67% |
| Return on equity (ROE) | 2.22% | 9.66% | 21.85% | 25.78% | 26.63% | 7.95% | 42.04% | 41.50% | 37.81% | 45.62% | 25.62% | 48.50% | 64.10% | 76.81% | 80.41% | 39.89% | 41.56% | 44.58% | 49.91% | 49.78% |
Based on the provided data, let's analyze the profitability ratios of Innoviva Inc:
1. Operating Return on Assets (Operating ROA):
- The Operating ROA of Innoviva Inc shows a fluctuating trend over the quarters, ranging from a high of 43.75% in June 2021 to a low of 9.60% in June 2023.
- The company's ability to generate operating profits from its assets has shown variability but has generally maintained a relatively high level, indicating efficient asset utilization.
2. Return on Assets (ROA):
- The ROA also demonstrates fluctuations over time, with the highest level at 34.87% in September 2021 and the lowest at 1.8% in December 2024.
- The ROA measures the overall profitability of the company in generating profits from its total assets. The decreasing trend indicates a reduction in the company's ability to generate earnings from its assets.
3. Return on Total Capital:
- The Return on Total Capital ranges from a high of 107.21% in June 2021 to a low of 5.65% in December 2024.
- This ratio evaluates the company's ability to generate returns from both equity and debt capital. The fluctuations could be due to changes in the company's capital structure or its operational performance.
4. Return on Equity (ROE):
- The ROE of Innoviva Inc has varied over the quarters, with the highest level recorded at 80.41% in June 2021 and the lowest at 2.22% in December 2024.
- ROE measures the company's profitability in relation to shareholders' equity. The decreasing trend may suggest a declining ability to generate profits for shareholders from equity investments.
In summary, Innoviva Inc's profitability ratios have shown fluctuations over the periods analyzed. While the operating profitability and return on assets have experienced ups and downs, the return on equity and return on total capital have shown a general decline in profitability. It is essential for stakeholders to monitor these ratios to assess the company's financial performance and its ability to generate returns for investors.