Regenxbio Inc (RGNX)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-263,494	-280,321	127,840	-111,250	-94,733
Total assets	US$ in thousands	573,970	833,268	1,113,900	708,164	497,908
ROA		-45.91%	-33.64%	11.48%	-15.71%	-19.03%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-263,494K ÷ $573,970K
= -45.91%

Regenxbio Inc's return on assets (ROA) has experienced fluctuations in recent years. The ROA was negative in 2023 at -45.91%, indicating that the company's assets were not generating a positive return during the period. This was a significant decline from the previous year's ROA of -33.64%.

In contrast, in 2021, the ROA was 11.48%, reflecting a strong performance as the company generated a positive return on its assets. This positive trend was not sustained in the following years, as seen in the negative ROA values in 2020 and 2019, which were -15.71% and -19.03%, respectively.

Overall, the negative ROA figures suggest that Regenxbio Inc may have struggled to efficiently utilize its assets to generate profits in recent years, highlighting a potential area for improvement in the company's operational efficiency and financial performance.