Perrigo Company PLC (PRGO)

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	-119,700	-5,600	-10,800	8,800	-57,500	-130,800	-131,000	-108,700	-115,500	-108,300	-68,900	-253,500	-349,200	-230,900	-162,600	-6,600	240,200	188,600	146,100	246,500
Total assets	US$ in thousands	10,397,300	10,640,300	10,809,100	10,758,300	10,964,700	10,954,900	11,017,300	10,677,500	10,919,600	10,389,500	10,425,700	10,915,900	11,230,300	11,324,800	11,488,400	11,576,000	12,128,300	11,400,700	11,301,400	11,310,800
ROA		-1.15%	-0.05%	-0.10%	0.08%	-0.52%	-1.19%	-1.19%	-1.02%	-1.06%	-1.04%	-0.66%	-2.32%	-3.11%	-2.04%	-1.42%	-0.06%	1.98%	1.65%	1.29%	2.18%

June 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-119,700K ÷ $10,397,300K
= -1.15%

Perrigo Company PLC's return on assets (ROA) has experienced fluctuation over the past few quarters. The ROA was negative in recent quarters, with values ranging from -1.15% to -0.05%. This indicates that the company's net income generated from its assets was insufficient to cover its total assets during these periods.

However, there was a slight improvement in the ROA in the most recent quarter, where it turned positive at 0.08%. This could suggest a potential turnaround or better utilization of assets to generate income.

It is important to note that the ROA has been consistently negative in previous quarters, with values as low as -3.11%. This indicates a persistent challenge in generating profits relative to the size of the company's asset base.

Overall, Perrigo Company PLC's ROA performance has been inconsistent, with recent signs of improvement. Further analysis of the company's financial and operational strategies may be necessary to understand the factors driving these fluctuations in ROA.