Repligen Corporation (RGEN)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	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
Net income (ttm)	US$ in thousands	-29,108	-20,727	-1,901	14,842	41,577	115,794	138,027	167,824	185,959	166,340	159,433	145,805	128,291	118,879	99,933	79,561	59,926	43,832	30,939	23,173
Total assets	US$ in thousands	2,829,670	2,830,640	2,861,920	2,849,270	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
ROA		-1.03%	-0.73%	-0.07%	0.52%	1.47%	4.61%	5.41%	6.61%	7.37%	6.75%	6.52%	6.12%	5.44%	5.30%	4.96%	4.13%	3.15%	2.97%	2.15%	1.65%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-29,108K ÷ $2,829,670K
= -1.03%

The return on assets (ROA) of Repligen Corporation has shown a fluctuating trend over the analyzed period, starting at 1.65% in March 2020 and gradually increasing to a peak of 7.37% by December 2022. This upward trend indicates an improvement in the company's efficiency in utilizing its assets to generate profits.

However, after reaching its peak, the ROA started to decline, dropping to 0.52% in March 2023 and further decreasing to -1.03% by December 2024. These negative values suggest that the company's profitability relative to its assets has deteriorated significantly, possibly due to ineffective asset utilization or declining profits.

Overall, the ROA analysis indicates that while Repligen Corporation initially made strides in optimizing its asset returns, it faced challenges in maintaining its profitability levels in the latter part of the period. It would be important for stakeholders to further investigate the reasons behind the declining ROA to assess the company's financial performance and sustainability.