Schrodinger Inc (SDGR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 40,720 | -149,186 | -100,393 | -24,463 |
| Total assets | US$ in thousands | 802,955 | 688,587 | 756,487 | 746,263 |
| ROA | 5.07% | -21.67% | -13.27% | -3.28% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $40,720K ÷ $802,955K
= 5.07%
Schrodinger Inc's return on assets (ROA) has shown significant variations over the past five years. In 2023, the ROA stood at 5.07%, indicating that the company generated 5.07 cents of profit for every dollar of assets it holds. This represents a positive performance compared to the previous years.
In 2022, the ROA was -21.67%, reflecting a loss on assets, which may raise concerns about the company's efficiency in generating profits from its assets. The ROA improved in 2021 to -13.27%, but remained negative, suggesting that the company was still not effectively utilizing its assets to generate profit.
The ROA in 2020 was -3.28%, indicating a slight improvement from the previous year but still falling below the positive threshold. The lowest ROA was observed in 2019 at -15.82%, signaling a significant decline in asset efficiency.
Overall, Schrodinger Inc's ROA has shown fluctuations, with negative values predominating in the earlier years and a positive turnaround in the most recent year. Further analysis of the company's asset management and profitability strategies is warranted to understand the factors driving these fluctuations in ROA.
Peer comparison
Dec 31, 2023