Myriad Genetics Inc (MYGN)
Return on assets (ROA)
| 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -116,000 | -155,200 | -234,600 | -263,300 | -274,400 | -248,200 | -146,200 | -112,000 | -77,300 | -17,600 | -8,200 | -27,200 | -34,800 | -114,800 | -225,300 | -194,100 | -199,500 | -148,300 | -26,200 | -15,300 |
| Total assets | US$ in thousands | 1,081,300 | 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 |
| ROA | -10.73% | -14.30% | -21.13% | -22.97% | -23.88% | -20.91% | -12.50% | -9.34% | -6.38% | -1.45% | -0.65% | -2.06% | -2.60% | -8.44% | -16.85% | -13.44% | -14.20% | -10.25% | -1.66% | -0.96% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-116,000K ÷ $1,081,300K
= -10.73%
The return on assets (ROA) of Myriad Genetics Inc has been fluctuating over the past few quarters. ROA measures how efficiently a company can generate profits from its assets, and a negative ROA indicates that the company is not profitable based on its asset base.
Myriad Genetics Inc has experienced negative ROA figures ranging from -22.97% to -0.65% in the past eight quarters. This signifies that the company has been struggling to generate profits relative to its asset base during these periods.
The downward trend in ROA indicates that Myriad Genetics Inc may be facing challenges in effectively utilizing its assets to generate positive returns. Investors and stakeholders should closely monitor the company's efforts to improve its operational efficiency and profitability in order to enhance its ROA.
Peer comparison
Sep 30, 2024