Myriad Genetics Inc (MYGN)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -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 | 4,600 |
| 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 |
| ROA | -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% | 0.29% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-155,200K ÷ $1,085,100K
= -14.30%
The return on assets (ROA) for Myriad Genetics Inc has been fluctuating over the past few quarters, ranging from negative figures to slightly positive.
The company experienced negative ROA values from September 2019 to June 2022, indicating that its net income generated from its assets was insufficient to cover the total assets employed. During this period, the ROA deteriorated, reaching its lowest point of -23.88% in September 2023.
However, starting from December 2022, there was a gradual improvement in ROA, with the ratio moving towards less negative values and even turning slightly positive in some periods. This upward trend continued until March 2024, with the ROA standing at -0.65%.
Overall, while Myriad Genetics Inc has faced challenges in generating returns from its assets in the past, the recent positive trend suggests potential improvements in the company's asset utilization and profitability.
Peer comparison
Jun 30, 2024