Regenxbio Inc (RGNX)

Return on assets (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
Net income (ttm)	US$ in thousands	-263,494	-260,540	-274,156	-270,274	-280,321	73,637	90,716	101,256	127,840	-212,424	-145,228	-121,351	-111,250	-91,473	-134,848	-102,543	-94,733	-63,963	-48,581	-36,530
Total assets	US$ in thousands	573,970	633,786	682,458	747,830	833,268	883,793	953,444	1,025,370	1,113,900	800,395	836,402	879,442	708,164	541,174	449,738	463,936	497,908	509,237	529,139	519,031
ROA		-45.91%	-41.11%	-40.17%	-36.14%	-33.64%	8.33%	9.51%	9.88%	11.48%	-26.54%	-17.36%	-13.80%	-15.71%	-16.90%	-29.98%	-22.10%	-19.03%	-12.56%	-9.18%	-7.04%

December 31, 2023 calculation

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

Based on the ROA figures provided for Regenxbio Inc for the past eight quarters, the return on assets has shown significant fluctuations. The ROA has been mostly negative over the last five quarters, ranging from -45.91% in Q4 2023 to -33.64% in Q4 2022. This indicates that the company's net income generated by its assets has been insufficient to cover its total assets during these periods.

The negative trend in ROA suggests that Regenxbio Inc may be experiencing challenges in generating profits relative to the size of its asset base. The declining ROA from Q1 2022 to Q4 2023 indicates a deterioration in the company's ability to generate earnings from its assets over the past year. The positive ROA in Q3 and Q2 2022 at 8.33% and 9.51%, respectively, could be seen as outliers in an otherwise negative trend.

This downward trend in ROA raises concerns about the company's operational efficiency and profitability. Investors and stakeholders may be closely monitoring Regenxbio Inc's strategies and financial performance to assess how effectively the company is utilizing its assets to generate returns in the future.