Artivion Inc (AORT)

Return on assets (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
Net income (ttm)	US$ in thousands	-30,690	-24,546	-28,458	-29,335	-19,192	-41,461	-17,166	-15,085	-14,834	1,808	-11,644	-13,155	-16,682	-13,905	-11,169	-4,648	1,720	1,625	3,324	718
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
ROA		-3.87%	-3.17%	-3.66%	-3.87%	-2.52%	-5.58%	-2.24%	-1.93%	-1.87%	0.22%	-1.44%	-1.66%	-2.11%	-1.78%	-1.61%	-0.75%	0.28%	0.27%	0.56%	0.12%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-30,690K ÷ $792,397K
= -3.87%

Artivion Inc's return on assets (ROA) over the past eight quarters has shown volatility and inconsistency. The ROA values range from -5.55% to -1.92%, with negative values indicating that the company is not effectively generating profits relative to its assets. The most recent ROA of -3.86% in Q4 2023 suggests a decline in profitability compared to the previous quarters. This downward trend raises concerns about the company's ability to efficiently utilize its assets to generate earnings. Artivion Inc may need to assess its operational efficiency and strategic decisions to improve its ROA and overall financial performance.