Artivion Inc (AORT)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -30,690 | -19,192 | -14,834 | -16,682 | 1,720 |
| Total assets | US$ in thousands | 792,397 | 762,798 | 793,052 | 789,404 | 605,654 |
| ROA | -3.87% | -2.52% | -1.87% | -2.11% | 0.28% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-30,690K ÷ $792,397K
= -3.87%
The return on assets (ROA) of Artivion Inc has shown a declining trend over the past five years. The ROA was negative in the last three years, indicating that the company's net income generated from its assets was insufficient to cover the total assets. In 2023, the ROA was the lowest at -3.86%, indicating a significant decrease in the efficiency of asset utilization compared to the previous year. This negative trend suggests that Artivion Inc may be facing challenges in generating profits from its assets efficiently. Further analysis of the company's financial performance and asset utilization strategies is recommended to understand the reasons behind the decreasing ROA and to identify potential areas for improvement.
Peer comparison
Dec 31, 2023