Mercury Systems Inc (MRCY)
Return on assets (ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -137,640 | -135,099 | -85,369 | -50,708 | -28,335 | -3,184 | -4,201 | 4,080 | 11,275 | 12,285 | 23,781 | 39,106 | 62,044 | 71,343 | 79,273 | 82,263 | 85,712 | 71,292 | 61,836 | 58,543 |
| Total assets | US$ in thousands | 2,378,900 | 2,378,180 | 2,436,250 | 2,400,760 | 2,391,370 | 2,383,870 | 2,347,950 | 2,349,040 | 2,304,420 | 2,259,840 | 2,230,770 | 1,965,090 | 1,955,140 | 1,903,320 | 1,949,170 | 1,653,180 | 1,610,720 | 1,771,640 | 1,512,620 | 1,473,850 |
| ROA | -5.79% | -5.68% | -3.50% | -2.11% | -1.18% | -0.13% | -0.18% | 0.17% | 0.49% | 0.54% | 1.07% | 1.99% | 3.17% | 3.75% | 4.07% | 4.98% | 5.32% | 4.02% | 4.09% | 3.97% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-137,640K ÷ $2,378,900K
= -5.79%
Mercury Systems Inc's return on assets (ROA) has exhibited fluctuations over the past few quarters. The ROA was negative for the most recent two quarters, at -5.79% in June 2024 and -5.68% in March 2024, indicating that the company's net income generated by its assets was insufficient to cover its total assets.
Prior to these declines, the ROA had shown a positive trend, with figures ranging from 3.17% in March 2021 to 5.32% in September 2020. This indicated that the company had been effectively utilizing its assets to generate profit during this period.
However, the decreasing trend in ROA from 5.32% in September 2020 to -5.79% in June 2024 raises concerns about the company's asset efficiency and profitability. Further analysis of the company's financial performance and management of assets is recommended to identify the reasons behind the recent decline in ROA and to formulate strategies for improvement.
Peer comparison
Jun 30, 2024