Xencor Inc (XNCR)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -138,639 | -82,473 | 43,767 | -76,797 | 13,824 |
| Total assets | US$ in thousands | 952,692 | 846,266 | 838,211 | 703,244 | 670,250 |
| Operating ROA | -14.55% | -9.75% | 5.22% | -10.92% | 2.06% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-138,639K ÷ $952,692K
= -14.55%
Xencor Inc's operating return on assets (operating ROA) has been quite volatile over the past five years, ranging from a low of -14.55% in 2023 to a high of 5.22% in 2021. This indicates that the company's ability to generate operating profit from its assets has fluctuated significantly.
The negative values in 2020 and 2023 suggest that the company's operating income was insufficient to cover the costs associated with its assets during those years, leading to a loss. On the other hand, the positive figures in 2021 and 2019 indicate that Xencor was able to generate a positive return on its assets in those years.
Overall, the trend in Xencor's operating ROA shows inconsistency and a lack of stability in its ability to efficiently utilize its assets to generate operating income. This may indicate potential operational inefficiencies or fluctuations in the company's business performance that could warrant further investigation and analysis.
Peer comparison
Dec 31, 2023