Viatris Inc (VTRS)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	54,700	2,078,600	-1,269,100	-669,900	0
Total assets	US$ in thousands	47,685,500	50,022,200	54,842,800	61,553,000	31,255,500
ROA		0.11%	4.16%	-2.31%	-1.09%	0.00%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $54,700K ÷ $47,685,500K
= 0.11%

Viatris Inc's return on assets (ROA) has exhibited fluctuations over the past five years. In 2023, the ROA stands at 0.11%, representing a significant decrease from the previous year's level of 4.16%. This decline indicates that the company's ability to generate profits from its assets weakened in the most recent period.

Looking further back, in 2021, Viatris Inc's ROA was negative at -2.31%, indicating that the company experienced challenges in generating profits relative to its asset base. The negative ROA suggests inefficiency in asset utilization during that year.

Similarly, in 2020, the ROA was -1.09%, indicating another year of suboptimal performance in terms of generating returns from assets. However, there was a slight improvement in 2019, where the ROA stood at 0.05%.

Overall, the trend in Viatris Inc's ROA indicates variability in the company's ability to generate profits from its assets in recent years. It is essential for the company to focus on strategies to enhance asset utilization efficiency to improve its financial performance and create value for stakeholders.