Repligen Corporation (RGEN)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	41,577	185,959	128,291	59,926	21,411
Total assets	US$ in thousands	2,824,410	2,524,660	2,358,350	1,902,890	1,400,110
ROA		1.47%	7.37%	5.44%	3.15%	1.53%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $41,577K ÷ $2,824,410K
= 1.47%

The Return on Assets (ROA) of Repligen Corp. has shown a fluctuating trend over the past five years. In 2023, the ROA decreased to 1.47% from 7.37% in 2022, indicating a significant decline in the company's ability to generate profit relative to its total assets. This could be a cause for concern as it reflects a decrease in efficiency in utilizing its assets to generate earnings.

Comparing the ROA of 2023 to prior years, it is lower than the 5-year average ROA of 3.39%. This suggests a performance below the historical average, signifying potential challenges in asset utilization and profitability in the current period.

Further analysis of Repligen Corp.'s operational and financial strategies is recommended to identify factors contributing to the decline in ROA and to formulate appropriate measures for improvement. It is crucial for the company to enhance efficiency in asset management to boost profitability and sustain long-term growth.