Artivion Inc (AORT)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	281,780	271,975	282,508	279,917	284,329	255,108	281,509	297,492	300,728	311,541	301,835	297,331	328,713	325,766	296,556	276,609	285,696	277,501	282,153	272,622
ROE		-10.89%	-9.03%	-10.07%	-10.48%	-6.75%	-16.25%	-6.10%	-5.07%	-4.93%	0.58%	-3.86%	-4.42%	-5.07%	-4.27%	-3.77%	-1.68%	0.60%	0.59%	1.18%	0.26%

December 31, 2023 calculation

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

Artivion Inc's return on equity (ROE) has shown a declining trend in recent quarters, with negative values recorded consistently throughout the provided time period. The ROE ranged from -16.17% in Q3 2022 to -8.99% in Q3 2023. This indicates that the company's profitability in relation to shareholders' equity has been weak, as the negative values suggest that the company is generating a net loss or less profit relative to the shareholders' invested capital.

The downward trend in ROE over the quarters may raise concerns about the company's operational efficiency and overall financial health. A negative ROE typically indicates that the company is not utilizing its equity effectively to generate profits for shareholders. It could be a sign of operational inefficiencies, declining profitability, high debt levels, or other issues affecting the company's ability to generate adequate returns on shareholder investments.

Investors and stakeholders may view the consistently negative ROE as a red flag and may question the company's ability to generate sustainable returns in the future. It is essential for Artivion Inc to address the underlying issues impacting its profitability and operational performance to improve its ROE and enhance shareholder value in the long term.