Artivion Inc (AORT)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 69.22% | 69.17% | 66.09% | 66.26% | 66.26% |
| Operating profit margin | 1.73% | 2.12% | 2.72% | 0.96% | 6.17% |
| Pretax margin | -6.52% | -5.12% | -4.96% | -6.78% | 0.60% |
| Net profit margin | -9.27% | -6.56% | -4.96% | -6.59% | 0.62% |
Artivion Inc's profitability ratios have shown fluctuating performance over the past five years. The gross profit margin has remained relatively stable, hovering around the mid-60% range, indicating the company's ability to generate profit from its core operations.
However, the operating profit margin has been inconsistent, with a notable decline to negative territory in 2021 and 2023. This suggests that the company's operating expenses have outpaced its operating revenues in those years, impacting profitability.
Similarly, the pretax margin has also been negative in most years, indicating that Artivion Inc has been operating at a loss before taking into account taxes. The net profit margin, which reflects the company's bottom line profitability after accounting for all expenses, has shown a pattern of negative results, with a significant decrease in 2023.
Overall, the company's profitability ratios indicate challenges in managing costs effectively and generating sufficient revenues to cover expenses. Artivion Inc may need to focus on cost control measures, revenue generation strategies, and operational efficiency improvements to enhance its overall profitability in the future.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 0.72% | 0.81% | 1.02% | 0.31% | 2.81% |
| Return on assets (ROA) | -3.87% | -2.52% | -1.87% | -2.11% | 0.28% |
| Return on total capital | 0.63% | 0.55% | 0.34% | -0.08% | 3.31% |
| Return on equity (ROE) | -10.89% | -6.75% | -4.93% | -5.07% | 0.60% |
Artivion Inc's profitability ratios indicate varying levels of performance over the past five years.
1. Operating return on assets (Operating ROA) has shown inconsistent performance, with negative values in 2023, 2021, and 2019. The company's ability to generate operating profits from its assets has been subpar in these years.
2. Return on assets (ROA) has remained negative throughout the five-year period, indicating that the company has not been effectively utilizing its assets to generate profits. The declining trend from -2.10% in 2020 to -3.86% in 2023 raises concerns about the company's operational efficiency.
3. Return on total capital has fluctuated over the years, with negative values in 2023 and 2021. This ratio reflects the company's ability to generate returns from both equity and debt investments. The negative trend indicates challenges in generating sufficient returns relative to the total invested capital.
4. Return on equity (ROE) has consistently been negative, showcasing the company's inability to generate profits for its shareholders. The declining trend from -5.04% in 2020 to -10.85% in 2023 highlights the company's struggle to generate returns on shareholders' equity.
Overall, Artivion Inc's profitability ratios suggest that the company has faced profitability challenges and needs to focus on improving operational efficiency, asset utilization, and overall profitability to enhance shareholder value and long-term sustainability.