Viatris Inc (VTRS)
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 | 54,700 | 1,310,200 | 1,518,200 | 1,735,000 | 2,078,600 | 1,324,900 | 1,096,800 | 336,800 | -1,269,100 | -1,505,200 | -1,985,700 | -1,707,400 | -669,800 |
| Total assets | US$ in thousands | 47,685,500 | 48,742,600 | 48,695,200 | 49,290,200 | 50,022,200 | 48,662,600 | 51,125,100 | 53,466,900 | 54,842,800 | 56,070,400 | 57,984,100 | 58,979,200 | 61,553,000 |
| ROA | 0.11% | 2.69% | 3.12% | 3.52% | 4.16% | 2.72% | 2.15% | 0.63% | -2.31% | -2.68% | -3.42% | -2.89% | -1.09% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $54,700K ÷ $47,685,500K
= 0.11%
Based on the data provided, Viatris Inc's Return on Assets (ROA) fluctuated over the past eight quarters. In Q4 2023, the ROA decreased to 0.11%, significantly lower than the previous quarter's level of 3.76% in Q3 2023. However, this is in line with the overall trend of declining ROA since Q4 2022 when the ROA was at its peak of 4.16%.
The company's ROA ranged between 0.31% and 4.16% over the past eight quarters, with an average of approximately 2.29%. Despite the quarterly fluctuations, the ROA figures suggest that Viatris Inc is generating a moderate level of returns relative to its total assets.
It is essential for stakeholders to closely monitor the company's asset management efficiency and profitability trends to assess its overall financial performance and sustainability in the long term. The recent decline in ROA should prompt further analysis to identify the factors contributing to this downturn and implement strategies to potentially improve asset utilization and profitability.
Peer comparison
Dec 31, 2023