Repligen Corporation (RGEN)

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	54,576	104,300	152,157	195,926	224,670	213,265	205,794	190,866	167,249	147,236	123,003	94,300	69,823	58,298	45,301	36,818	36,083	38,042	37,964	31,183
Total assets	US$ in thousands	2,824,410	2,514,130	2,549,000	2,538,230	2,524,660	2,462,530	2,444,920	2,383,820	2,358,350	2,241,400	2,015,960	1,927,330	1,902,890	1,476,320	1,442,040	1,406,480	1,400,110	1,378,710	1,068,270	797,921
Operating ROA		1.93%	4.15%	5.97%	7.72%	8.90%	8.66%	8.42%	8.01%	7.09%	6.57%	6.10%	4.89%	3.67%	3.95%	3.14%	2.62%	2.58%	2.76%	3.55%	3.91%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $54,576K ÷ $2,824,410K
= 1.93%

Repligen Corp.'s operating return on assets (operating ROA) has shown fluctuations over the past eight quarters. The trend indicates a gradual decline in operating ROA from Q1 2022 to Q4 2023. The company's operating ROA was highest at 8.43% in Q3 2022 and has since decreased to 0.85% in Q4 2023. This decline suggests a potential decrease in the company's operating efficiency and profitability relative to its asset base over time. It would be beneficial for stakeholders to closely monitor and analyze the factors influencing this trend to understand the implications for Repligen Corp.'s financial performance and strategic direction.