Pacira Pharmaceuticals Inc (PCRX)
Operating return on assets (Operating 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 | 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 87,675 | 44,614 | 48,182 | 39,540 | 60,024 | 74,128 | 84,272 | 87,880 | 89,924 | 104,495 | 90,682 | 48,692 | 46,349 | 29,281 | 14,074 | 26,496 | 10,481 | 21,029 | 22,664 | 23,930 |
| Total assets | US$ in thousands | 1,574,390 | 1,534,460 | 1,542,380 | 1,523,420 | 1,681,200 | 1,734,360 | 1,733,990 | 1,891,480 | 2,075,350 | 1,356,000 | 1,325,830 | 1,287,550 | 1,274,510 | 1,220,270 | 866,111 | 821,379 | 831,065 | 807,489 | 787,843 | 719,156 |
| Operating ROA | 5.57% | 2.91% | 3.12% | 2.60% | 3.57% | 4.27% | 4.86% | 4.65% | 4.33% | 7.71% | 6.84% | 3.78% | 3.64% | 2.40% | 1.62% | 3.23% | 1.26% | 2.60% | 2.88% | 3.33% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $87,675K ÷ $1,574,390K
= 5.57%
To analyze Pacira BioSciences Inc's operating return on assets (operating ROA), we can observe a trend in the data provided. The operating ROA has shown fluctuations over the past eight quarters, ranging from a high of 7.05% in Q1 2022 to a low of 3.82% in Q1 2023.
The downward trend in operating ROA from Q1 2022 to Q1 2023 indicates a potential decrease in the company's ability to generate operating income relative to its total assets. This may suggest efficiency challenges in utilizing its assets to generate profits during this period.
The peak in operating ROA in Q1 2022 at 7.05% may indicate a period of strong operational performance and asset utilization by the company. However, the subsequent decline in operating ROA suggests a decline in profitability relative to the assets employed in the business.
It is important for the company to closely monitor its operating ROA trends to ensure efficient utilization of its assets and improve profitability. Further analysis of the underlying factors contributing to these fluctuations, such as revenue generation, cost management, and asset efficiency, would be beneficial in understanding the drivers behind the variations in operating ROA.
Peer comparison
Dec 31, 2023