NeoGenomics Inc (NEO)
Return on assets (ROA)
| Dec 31, 2024 | 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -78,726 | -77,728 | -78,545 | -84,234 | -87,968 | -96,329 | -114,665 | -125,637 | -144,250 | -163,322 | -146,818 | -35,642 | -8,348 | 48,828 | 71,733 | -10,964 | 4,172 | -4,949 | -5,363 | 3,452 |
| Total assets | US$ in thousands | 1,638,040 | 1,641,110 | 1,643,280 | 1,640,340 | 1,681,230 | 1,678,240 | 1,695,110 | 1,709,170 | 1,740,030 | 1,755,580 | 1,792,110 | 1,829,550 | 1,869,780 | 1,906,390 | 1,896,310 | 1,494,410 | 988,331 | 959,428 | 945,485 | 732,247 |
| ROA | -4.81% | -4.74% | -4.78% | -5.14% | -5.23% | -5.74% | -6.76% | -7.35% | -8.29% | -9.30% | -8.19% | -1.95% | -0.45% | 2.56% | 3.78% | -0.73% | 0.42% | -0.52% | -0.57% | 0.47% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-78,726K ÷ $1,638,040K
= -4.81%
The return on assets (ROA) of NeoGenomics Inc has experienced fluctuations over the periods analyzed. From March 31, 2020, to June 30, 2021, the ROA showed variability with both positive and negative returns. However, in the latter part of the data set, from June 30, 2021, to December 31, 2024, the ROA consistently decreased, indicating a declining trend in the company's ability to generate profits from its assets. The ROA dipped significantly in the most recent periods, with negative values ranging from -4.74% to -9.30%, suggesting a potential concern regarding the company's asset utilization efficiency and profitability. Further analysis of the company's financial performance and potential strategic changes may be necessary to address the declining trend in ROA.