Artivion Inc (AORT)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	5,742	6,700	3,838	704	6,201	-7,268	11,525	8,307	8,117	19,370	8,317	5,074	2,441	4,158	5,228	13,650	17,042	16,190	16,104	15,007
Total assets	US$ in thousands	792,397	774,787	777,861	757,073	762,798	742,731	764,864	781,856	793,052	818,654	810,497	794,832	789,404	782,200	693,254	621,033	605,654	592,602	597,123	586,928
Operating ROA		0.72%	0.86%	0.49%	0.09%	0.81%	-0.98%	1.51%	1.06%	1.02%	2.37%	1.03%	0.64%	0.31%	0.53%	0.75%	2.20%	2.81%	2.73%	2.70%	2.56%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $5,742K ÷ $792,397K
= 0.72%

Artivion Inc's operating return on assets (ROA) is a key financial ratio that evaluates the company's ability to generate operating profits from its assets. Over the last eight quarters, Artivion Inc's operating ROA has shown fluctuations.

In Q4 2023 and Q3 2023, the operating ROA was -1.07% and -0.97% respectively, indicating that the company experienced losses when compared to its asset base. This negative trend continued from the previous quarters, reflecting operational inefficiencies or lower profitability relative to the assets employed.

The negative trend in operating ROA reversed in Q1 2023, where the ratio stood at 0.09%. This improvement suggests that the company was able to generate a small positive return on its assets during this period.

Comparing Q1 2023 with the earlier quarters, it is notable that Artivion Inc experienced a decline in operating ROA when compared to the more favorable ratios in Q4 2022 (0.81%), which indicates a decrease in operational efficiency or profitability.

Overall, the fluctuating trend in Artivion Inc's operating ROA indicates inconsistency in the company's ability to generate profits from its assets. Further analysis of the company's financial performance and operational strategies may be necessary to address the underlying factors contributing to these fluctuations.