Schrodinger Inc (SDGR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 40,720 | 44,183 | 66,354 | 14,390 | -149,186 | -152,692 | -147,846 | -134,804 | -100,393 | -80,819 | -41,960 | -10,666 | -24,463 |
| Total assets | US$ in thousands | 802,955 | 794,148 | 841,566 | 838,773 | 688,587 | 661,985 | 687,880 | 719,537 | 756,487 | 762,617 | 717,334 | 744,189 | 746,263 |
| ROA | 5.07% | 5.56% | 7.88% | 1.72% | -21.67% | -23.07% | -21.49% | -18.73% | -13.27% | -10.60% | -5.85% | -1.43% | -3.28% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $40,720K ÷ $802,955K
= 5.07%
Based on the data provided for Schrodinger Inc's return on assets (ROA), the company's performance has been quite volatile over the past eight quarters.
The ROA has fluctuated significantly, with values ranging from a low of -23.07% in Q3 2022 to a high of 7.88% in Q2 2023. This indicates a lack of consistency in the company's ability to generate profits relative to its assets.
The negative ROA values in Q4 2022 and Q3 2022 suggest that during these periods, the company's assets were not effectively utilized to generate earnings, which may raise concerns about operational efficiency and profitability.
The positive ROA values in Q2 2023 and Q3 2023 show an improvement in the company's ability to generate profits from its assets. However, the fluctuation in ROA over the quarters indicates a degree of uncertainty or potential instability in the company's financial performance.
It would be important for stakeholders and investors to monitor Schrodinger Inc's ROA closely and analyze the underlying factors driving the changes to assess the company's financial health and sustainability.
Peer comparison
Dec 31, 2023