Artivion Inc (AORT)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 38,874 | 5,742 | 3,240 | -13,863 | 2,441 |
| Total assets | US$ in thousands | 789,101 | 792,397 | 762,798 | 793,052 | 789,404 |
| Operating ROA | 4.93% | 0.72% | 0.42% | -1.75% | 0.31% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $38,874K ÷ $789,101K
= 4.93%
Artivion Inc's operating return on assets (operating ROA) has shown fluctuations over the years based on the provided data.
As of December 31, 2020, Artivion Inc's operating ROA stood at 0.31%, indicating that the company generated a modest return on its assets that year. However, the following year, by December 31, 2021, the operating ROA declined significantly to -1.75%, which could suggest that the company was not efficiently utilizing its assets to generate operating income.
By December 31, 2022, Artivion Inc managed to improve its operating ROA to 0.42%, indicating a slight recovery in the company's ability to generate operating profits relative to its assets. The trend continued to improve in the subsequent years, with operating ROA reaching 0.72% by December 31, 2023, and a notable increase to 4.93% by December 31, 2024.
The positive trend in operating ROA from 2022 to 2024 suggests that Artivion Inc became more efficient in utilizing its assets to generate operating income and improve profitability. The significant improvement in 2024 particularly stands out as the company achieved a relatively high operating ROA, indicating a strong performance in converting assets into operating profits.
Overall, the analysis of Artivion Inc's operating return on assets highlights both challenges and improvements in the company's operational efficiency and profitability over the years covered by the data.
Peer comparison
Dec 31, 2024