Artivion Inc (AORT)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	281,780	284,329	300,728	328,713	285,696
ROE		-10.89%	-6.75%	-4.93%	-5.07%	0.60%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $-30,690K ÷ $281,780K
= -10.89%

Artivion Inc's return on equity (ROE) has exhibited a negative trend over the past five years, with ROE values ranging from -10.85% in 2023 to 0.60% in 2019. This indicates that the company's profitability in relation to shareholders' equity has been deteriorating over the years. The declining trend suggests that the company may be facing challenges in generating earnings from the equity invested by shareholders. A negative ROE, as seen in 2021, 2022, and 2023, indicates that the company is operating at a loss and not effectively utilizing shareholder funds to generate profits. This declining trend in ROE warrants further investigation into Artivion Inc's operational efficiency, financial management, and strategic direction to address the underlying issues impacting its profitability.