Xencor Inc (XNCR)

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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	-126,087	-119,028	-127,518	-139,539	-55,182	29,921	22,489	108,712	82,631	-4,121	23,520	-63,746	-69,333	-82,554	-80,228	-61,244	26,875	35,590	48,964	39,129
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
ROA		-13.23%	-15.29%	-16.39%	-17.37%	-6.52%	3.58%	2.64%	12.67%	9.86%	-0.59%	3.38%	-9.20%	-9.86%	-12.77%	-12.44%	-9.18%	4.01%	5.19%	7.15%	5.61%

December 31, 2023 calculation

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

Xencor Inc's return on assets (ROA) has been showing a declining trend over the quarters in the data provided. In Q4 2023, the ROA stood at -13.23%, which worsened from the previous quarter's -15.29% in Q3 2023 and Q2 2023's -16.39%. This negative performance indicates that the company's assets are not generating sufficient profits.

Comparing the recent data to earlier quarters showcases a significant deterioration in ROA. For instance, in Q1 2023, the ROA was -17.37%, reflecting a substantial decrease from the positive ROA values reported in Q4 2022 (3.58%), Q3 2022 (2.64%), and Q2 2022 (12.67%).

Overall, Xencor Inc's ROA has been persistently negative in recent quarters, pointing to potential inefficiencies in asset utilization and inadequate profitability relative to its asset base. This trend warrants further investigation into the company's operational and financial performance to identify and address the underlying issues impacting its ROA.