Innoviva Inc (INVA)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 23,392 | 179,722 | 213,921 | 265,854 | 224,402 |
| Total assets | US$ in thousands | 1,301,060 | 1,243,510 | 1,231,500 | 926,395 | 999,570 |
| ROA | 1.80% | 14.45% | 17.37% | 28.70% | 22.45% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $23,392K ÷ $1,301,060K
= 1.80%
Innoviva Inc's return on assets (ROA) has shown varying trends over the past five years. The ROA was at a strong level of 22.45% as of December 31, 2020, indicating that the company effectively generated profit relative to its total assets. Subsequently, Innoviva Inc's ROA increased significantly to 28.70% by the end of December 31, 2021, showcasing improved efficiency in asset utilization.
However, there was a notable decline in ROA to 17.37% by December 31, 2022, suggesting a potential decrease in profitability relative to its assets. This trend continued with a further decrease to 14.45% by December 31, 2023, indicating a continued decline in asset efficiency. Notably, by the end of December 31, 2024, Innoviva Inc's ROA plummeted substantially to 1.80%, signaling a significant decrease in its ability to generate profits from its assets.
Overall, the trend in Innoviva Inc's ROA points towards initial strength and subsequent decline, highlighting the importance of closely monitoring asset efficiency and profitability to ensure sustainable financial performance.
Peer comparison
Dec 31, 2024