Varex Imaging Corp (VREX)
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 | 44,600 | 48,200 | 29,400 | 28,500 | 32,000 | 30,300 | 25,900 | 29,700 | 25,200 | 17,400 | -17,700 | -58,000 | -63,000 | -57,900 | -23,400 | 3,500 | 11,200 | 15,500 | 7,400 | 12,600 |
| Total assets | US$ in thousands | 1,242,300 | 1,249,600 | 1,211,700 | 1,190,800 | 1,180,900 | 1,184,400 | 1,163,400 | 1,142,600 | 1,139,000 | 1,147,500 | 1,160,900 | 1,132,600 | 1,137,100 | 1,139,500 | 1,121,700 | 1,082,000 | 1,068,400 | 1,038,900 | 1,043,700 | 965,600 |
| ROA | 3.59% | 3.86% | 2.43% | 2.39% | 2.71% | 2.56% | 2.23% | 2.60% | 2.21% | 1.52% | -1.52% | -5.12% | -5.54% | -5.08% | -2.09% | 0.32% | 1.05% | 1.49% | 0.71% | 1.30% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $44,600K ÷ $1,242,300K
= 3.59%
The return on assets (ROA) for Varex Imaging Corp has varied over the past several quarters, indicating fluctuations in the company's ability to generate profits from its assets. The ROA ranged from a low of -5.54% in March 2021 to a high of 3.86% in September 2023.
Overall, the company's ROA improved in recent quarters, with a positive trend from negative values in early 2021 to positive values by the end of 2023. This suggests that Varex Imaging Corp has been able to improve its efficiency in generating profits relative to its assets.
It is essential for the company to continue monitoring and improving its ROA to ensure efficient utilization of its assets and sustainable profitability in the long run.
Peer comparison
Dec 31, 2023