Xencor Inc (XNCR)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -138,639 | -146,223 | -166,303 | -168,306 | -82,475 | 51,770 | 48,818 | 85,905 | 43,767 | -61,583 | -37,005 | -83,692 | -76,797 | -93,671 | -91,225 | -73,197 | 13,824 | 23,314 | 38,241 | 29,523 |
| Total assets | US$ in thousands | 952,692 | 778,430 | 778,121 | 803,411 | 846,266 | 835,269 | 851,325 | 857,922 | 838,211 | 697,264 | 695,602 | 692,737 | 703,244 | 646,349 | 644,720 | 666,963 | 670,250 | 686,244 | 684,753 | 697,003 |
| Operating ROA | -14.55% | -18.78% | -21.37% | -20.95% | -9.75% | 6.20% | 5.73% | 10.01% | 5.22% | -8.83% | -5.32% | -12.08% | -10.92% | -14.49% | -14.15% | -10.97% | 2.06% | 3.40% | 5.58% | 4.24% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-138,639K ÷ $952,692K
= -14.55%
Operating ROA is a key financial metric that provides insight into the efficiency with which a company is generating profits from its assets used in operations. Xencor Inc's operating ROA has displayed fluctuating performance over the past eight quarters.
The operating ROA was negative in all quarters of 2023, indicating that the company's operating income was insufficient to cover the assets employed in its operations during those periods. The declining trend in 2023, from -14.55% in Q4 to -21.37% in Q2, suggests a worsening utilization of assets to generate operating profits.
Comparing 2023 with 2022, the operating ROA deteriorated significantly, with negative values in 2023 contrasting sharply with positive values in 2022. This underscores a decline in operational efficiency and profitability for Xencor Inc.
The positive values observed in Q3 and Q2 of 2022, peaking at 10.01%, indicate a period of strong operational performance and efficient asset utilization. However, the subsequent drops in Q1 and Q4 of 2022, and the negative values in 2023, signal challenges in maintaining profitability relative to asset deployment.
Overall, the declining trend in Xencor Inc's operating ROA over the observed periods highlights the need for the company to focus on improving operational efficiency and optimizing asset utilization to enhance profitability.
Peer comparison
Dec 31, 2023