Innoviva Inc (INVA)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	23,392	64,591	145,424	181,389	179,722	49,877	233,354	233,013	213,921	292,580	99,495	187,504	265,854	309,412	265,192	253,088	224,402	216,448	228,039	188,935
Total assets	US$ in thousands	1,301,060	1,231,610	1,224,920	1,267,610	1,243,510	1,188,100	1,118,240	1,129,770	1,231,500	1,327,710	1,137,640	1,107,470	926,395	887,239	789,150	1,088,290	999,570	922,256	879,619	788,011
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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $23,392K ÷ $1,301,060K
= 1.80%

Innoviva Inc's Return on Assets (ROA) has shown fluctuations over the past few years, ranging from a high of 34.87% in September 30, 2021 to a low of 1.80% in December 31, 2024. The ROA indicates how effectively the company is generating profits from its assets.

While the ROA was consistently above 20% for most of the period, there was a significant drop in the ROA in the latter half of 2022 and throughout 2023, hitting a low of 1.80% by the end of 2024. This decline may suggest that the company's profitability relative to its assets has decreased during this period.

It is important for Innoviva Inc to analyze the reasons behind the fluctuations in ROA and take necessary actions to improve its asset utilization efficiency and profitability to ensure long-term financial health and sustainability.