Xencor Inc (XNCR)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-126,087	-55,181	82,631	-69,333	26,875
Total assets	US$ in thousands	952,692	846,266	838,211	703,244	670,250
ROA		-13.23%	-6.52%	9.86%	-9.86%	4.01%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-126,087K ÷ $952,692K
= -13.23%

Based on the provided data, Xencor Inc's return on assets (ROA) has been fluctuating over the past five years. In 2023, the company's ROA was -13.23%, indicating a negative return on its assets. This represents a significant decline from the previous year, where the ROA was -6.52%.

In 2021, Xencor Inc generated a positive ROA of 9.86%, reflecting the company's ability to efficiently utilize its assets to generate profits. However, in 2020, the ROA plummeted to -9.86%, signaling a decrease in asset efficiency and profitability.

The trend continued in 2019, with the ROA improving to 4.01%, suggesting the company's assets were used more effectively to generate returns compared to the previous year.

Overall, Xencor Inc's ROA has been volatile, with periods of both positive and negative returns on assets. It is important for the company to focus on improving asset efficiency and profitability to ensure sustainable growth and financial performance in the future.