Myriad Genetics Inc (MYGN)
Operating return on assets (Operating 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -155,900 | -233,100 | -257,400 | -278,200 | -263,100 | -167,200 | -140,600 | -131,500 | -166,400 | -169,400 | -190,500 | -187,000 | -175,400 | -288,300 | -250,400 | -231,700 | -169,000 | -29,400 | -14,500 | 7,600 |
| Total assets | US$ in thousands | 1,085,100 | 1,110,500 | 1,146,500 | 1,149,100 | 1,187,200 | 1,169,300 | 1,198,700 | 1,212,000 | 1,210,200 | 1,255,400 | 1,320,700 | 1,335,900 | 1,360,300 | 1,336,900 | 1,444,500 | 1,404,600 | 1,446,700 | 1,578,300 | 1,591,200 | 1,562,700 |
| Operating ROA | -14.37% | -20.99% | -22.45% | -24.21% | -22.16% | -14.30% | -11.73% | -10.85% | -13.75% | -13.49% | -14.42% | -14.00% | -12.89% | -21.56% | -17.33% | -16.50% | -11.68% | -1.86% | -0.91% | 0.49% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-155,900K ÷ $1,085,100K
= -14.37%
Myriad Genetics Inc's operating return on assets (operating ROA) has displayed a downward trend over the past few quarters, with values ranging from -24.21% to -10.85%. This indicates that the company's ability to generate profits from its assets used in operations has been deteriorating.
The negative values suggest that the company's operating income is insufficient to cover the assets employed in its operations. It is concerning that the operating ROA has consistently remained in negative territory, indicating inefficiency in asset utilization and operational performance.
The significant fluctuations in the operating ROA over the reporting periods may indicate challenges or inconsistencies in the company's operations, profitability, or asset management.
Further analysis of the underlying factors contributing to these fluctuations, such as changes in revenues, expenses, or asset base, would be necessary to understand the root causes of the declining operating ROA and to formulate appropriate strategies for improvement.
Peer comparison
Jun 30, 2024