Moderna Inc (MRNA)

Operating return on assets (Operating ROA)

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 Jun 30, 2019 Mar 31, 2019
Operating income (ttm) US$ in thousands -4,239,000 -2,665,000 513,000 4,827,000 9,420,000 13,250,000 15,642,000 16,257,000 13,296,000 7,611,000 3,818,000 634,000 -763,000 -618,556 -514,320 -536,029 -546,670 -569,145
Total assets US$ in thousands 18,426,000 19,450,000 21,884,000 24,125,000 25,858,000 26,056,000 26,043,000 27,609,000 24,669,000 20,923,000 16,153,000 12,694,000 7,337,000 4,650,870 3,486,010 2,067,540 1,589,420 1,590,900 1,685,280 1,806,210
Operating ROA -23.01% -13.70% 2.34% 20.01% 36.43% 50.85% 60.06% 58.88% 53.90% 36.38% 23.64% 4.99% -10.40% -13.30% -14.75% -25.93% -34.39% -35.78%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-4,239,000K ÷ $18,426,000K
= -23.01%

The operating return on assets (operating ROA) for Moderna Inc has fluctuated significantly over the past eight quarters. The trend indicates a decreasing performance, with the latest quarter, Q4 2023, showing a negative operating ROA of -23.01%, which is a sharp decline from the previous quarter. This negative operating ROA suggests that the company's operating income generated from its assets was insufficient to cover its operating expenses and capital costs.

Looking back over the quarters, Moderna Inc experienced a steady decrease in its operating ROA, moving from a peak of 60.06% in Q2 2022 to the current low of -23.01% in Q4 2023. This downward trajectory could be a cause for concern as it indicates a deterioration in the company's ability to generate profitability from its operational activities relative to its assets.

It is important for Moderna Inc to closely monitor and address the factors contributing to the negative trend in its operating ROA to improve operational efficiency, maximize asset utilization, and enhance overall financial performance in the future.


Peer comparison

Dec 31, 2023