Protagonist Therapeutics Inc (PTGX)
Operating return on assets (Operating ROA)
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 | Jun 30, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating income (ttm) | US$ in thousands | 148,678 | -93,652 | -153,217 | -147,194 | -146,283 | -131,373 | -131,873 | -133,496 | -122,935 | -125,845 | -107,659 | -81,505 | -68,840 | -64,516 | -62,985 | -72,380 | -85,570 | -80,521 | -78,634 | -70,856 |
Total assets | US$ in thousands | 629,276 | 357,951 | 330,016 | 320,466 | 239,858 | 247,928 | 282,174 | 310,512 | 348,296 | 347,695 | 373,175 | 404,232 | 298,072 | 324,468 | 217,320 | 224,980 | 134,901 | 154,917 | 154,627 | 148,105 |
Operating ROA | 23.63% | -26.16% | -46.43% | -45.93% | -60.99% | -52.99% | -46.73% | -42.99% | -35.30% | -36.19% | -28.85% | -20.16% | -23.10% | -19.88% | -28.98% | -32.17% | -63.43% | -51.98% | -50.85% | -47.84% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $148,678K ÷ $629,276K
= 23.63%
Protagonist Therapeutics Inc's operating return on assets (operating ROA) has shown significant fluctuations over the past several quarters. The data reveals that the company's operating ROA has ranged from -63.43% to 23.63% during the period under review.
The operating ROA was consistently negative from December 2019 to March 2024, with the lowest point recorded in March 2020 at -63.43%. This suggests that during these periods, the company's operating income generated from its assets was insufficient to cover the cost of those assets.
However, there was a notable improvement in the operating ROA in March 2024, reaching 23.63%, indicating a positive trend in the company's ability to generate operating income from its assets.
Overall, Protagonist Therapeutics Inc's operating ROA performance has been volatile, with periods of both negative and positive returns. The company may need to focus on improving operational efficiency and asset utilization to drive sustainable profitability in the future.
Peer comparison
Mar 31, 2024