Proto Labs Inc (PRLB)
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 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 17,220 | -104,835 | -108,838 | -105,898 | -103,462 | 23,513 | 24,397 | 34,755 | 33,372 | 31,041 | 40,903 | 40,595 | 50,867 | 56,474 | 58,569 | 62,128 | 63,655 | 67,755 | 71,900 | 74,048 |
| Total assets | US$ in thousands | 772,353 | 784,245 | 777,210 | 791,373 | 802,168 | 906,938 | 918,649 | 934,751 | 928,582 | 930,311 | 949,290 | 934,448 | 744,204 | 726,126 | 698,445 | 678,090 | 673,667 | 654,899 | 645,527 | 618,596 |
| ROA | 2.23% | -13.37% | -14.00% | -13.38% | -12.90% | 2.59% | 2.66% | 3.72% | 3.59% | 3.34% | 4.31% | 4.34% | 6.84% | 7.78% | 8.39% | 9.16% | 9.45% | 10.35% | 11.14% | 11.97% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $17,220K ÷ $772,353K
= 2.23%
Proto Labs Inc's return on assets (ROA) has shown significant variability over the past eight quarters. In Q4 2023, the ROA stood at 2.23%, indicating a positive return on the company's assets. However, this was a considerable improvement compared to the previous quarter, where the ROA was significantly negative at -13.37% in Q3 2023. The ROA remained negative in the preceding quarters as well, ranging from -13.38% in Q1 2023 to -12.90% in Q4 2022.
In contrast, Proto Labs Inc's ROA was positive in the earlier quarters, with values of 2.59% in Q3 2022, 2.66% in Q2 2022, and 3.72% in Q1 2022. This suggests that the company's ability to generate earnings from its assets fluctuated significantly over the period under review.
Overall, the downward trend in ROA from positive values to negative values in recent quarters is concerning, as it indicates a decrease in the company's profitability relative to its asset base. Further analysis of the underlying factors influencing this trend, such as changes in revenue, expenses, or asset utilization, would be required to provide deeper insights into Proto Labs Inc's financial performance.
Peer comparison
Dec 31, 2023