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	Sep 30, 2020	Jun 30, 2020	Mar 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	11,413,000	11,411,800	0
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.