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.
Peer comparison
Dec 31, 2023