Phibro Animal Health Corporation (PAHC)

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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Net income (ttm)	US$ in thousands	2,416	13,162	14,799	20,735	32,606	28,595	36,242	46,497	49,175	58,809	53,281	48,617	54,385	42,906	44,246	43,339	33,552	36,712	38,060	40,914
Total assets	US$ in thousands	982,184	979,035	972,708	964,523	971,397	965,432	961,833	948,378	931,699	916,181	848,958	836,044	841,325	805,017	803,651	789,554	784,100	776,050	788,318	795,239
ROA		0.25%	1.34%	1.52%	2.15%	3.36%	2.96%	3.77%	4.90%	5.28%	6.42%	6.28%	5.82%	6.46%	5.33%	5.51%	5.49%	4.28%	4.73%	4.83%	5.14%

June 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,416K ÷ $982,184K
= 0.25%

Phibro Animal Health Corporation's return on assets (ROA) has shown some fluctuations over the past few quarters. The ROA was relatively low at 0.25% as of June 30, 2024, indicating that the company generated $0.0025 in earnings for every dollar of assets it possesses. This represents a decline from the previous quarter's ROA of 1.34% on March 31, 2024.

However, looking at a longer historical trend, the company's ROA has generally been healthy, ranging from 4.28% to 6.42% over the past few years. This suggests that Phibro Animal Health Corporation has typically been effective in utilizing its assets to generate profits.

It is important to further investigate the causes behind the recent decline in ROA to determine whether it is a temporary fluctuation or a more concerning trend. Factors such as changes in revenue, expenses, asset management, and overall profitability should be analyzed to gain deeper insights into the company's financial performance.