Organon & Co (OGN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,023,000 | 585,000 | 754,000 | 746,000 | 917,000 | 1,011,000 | 1,107,000 | 1,300,000 | 1,351,000 |
| Total assets | US$ in thousands | 12,058,000 | 11,012,000 | 10,979,000 | 10,763,000 | 10,955,000 | 10,437,000 | 10,614,000 | 10,597,000 | 10,681,000 |
| ROA | 8.48% | 5.31% | 6.87% | 6.93% | 8.37% | 9.69% | 10.43% | 12.27% | 12.65% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,023,000K ÷ $12,058,000K
= 8.48%
Organon & Co.'s return on assets (ROA) has fluctuated over the past eight quarters, ranging from a high of 12.27% in Q1 2022 to a low of 5.31% in Q3 2023. The ROA trend indicates a general decline since the peak in Q1 2022.
A high ROA suggests that the company is generating more profit per dollar of assets, indicating operational efficiency and effective asset utilization. Conversely, a declining ROA may indicate increasing inefficiencies or reduced profitability relative to the assets employed.
Further analysis of the factors influencing the ROA trends, such as changes in revenue, expenses, asset base, or profitability margins, would be necessary to provide a more comprehensive assessment of Organon & Co.'s financial performance over the period.
Peer comparison
Dec 31, 2023