Xencor Inc (XNCR)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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	-232,618	-198,239	-177,365	-133,356	-125,239	-118,181	-126,671	-144,667	-61,157	23,946	16,514	108,712	82,631	-4,121	23,520	-63,746	-69,333	-82,554	-80,228	-61,244
Total assets	US$ in thousands	951,945	983,635	826,167	884,255	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
ROA		-24.44%	-20.15%	-21.47%	-15.08%	-13.15%	-15.18%	-16.28%	-18.01%	-7.23%	2.87%	1.94%	12.67%	9.86%	-0.59%	3.38%	-9.20%	-9.86%	-12.77%	-12.44%	-9.18%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-232,618K ÷ $951,945K
= -24.44%

The return on assets (ROA) for Xencor Inc has fluctuated significantly over the past few years. It started in negative territory in early 2020 and remained below zero until mid-2021. However, the ROA turned positive in the second quarter of 2021, indicating a more efficient utilization of the company's assets to generate profits.

The ROA continued to improve and reached its peak at 12.67% in the first quarter of 2022 before declining in the following quarters. Subsequently, the ROA turned negative again in the first quarter of 2023 and continued to decrease steadily until the end of 2024.

Overall, Xencor Inc's ROA performance reflects a mix of profitability and asset management challenges, as indicated by the fluctuations from negative to positive levels and back to negative. This trend suggests that the company may need to focus on enhancing its operational efficiency and profitability in relation to its asset base in order to improve its financial performance.