Avanos Medical Inc (AVNS)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -383,000 | 57,700 | 46,900 | 28,700 | 23,900 | 27,900 | 45,400 | 66,500 | 73,100 | 71,900 | 56,800 | 30,500 | 8,900 | -60,900 | -64,600 | -59,100 | -46,100 | -4,500 | -22,500 | -30,500 |
| Total assets | US$ in thousands | 1,154,200 | 1,656,200 | 1,657,800 | 1,661,300 | 1,692,400 | 1,724,900 | 1,666,700 | 1,734,900 | 1,786,900 | 1,775,200 | 1,752,800 | 1,766,500 | 1,594,600 | 1,597,900 | 1,683,300 | 1,648,800 | 1,672,800 | 1,799,100 | 1,755,900 | 1,763,700 |
| Operating ROA | -33.18% | 3.48% | 2.83% | 1.73% | 1.41% | 1.62% | 2.72% | 3.83% | 4.09% | 4.05% | 3.24% | 1.73% | 0.56% | -3.81% | -3.84% | -3.58% | -2.76% | -0.25% | -1.28% | -1.73% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-383,000K ÷ $1,154,200K
= -33.18%
Avanos Medical Inc's operating return on assets (operating ROA) has exhibited significant fluctuations over the quarters. The company experienced negative operating ROA figures in the first half of 2020, with a gradual improvement towards the end of the year. Moving into 2021, the operating ROA remained negative but started to show signs of recovery, turning positive in the last quarter of the year.
In 2022 and the first half of 2023, Avanos Medical Inc's operating ROA showed a positive trend, peaking at 4.09% in December 2022. However, the operating ROA declined in the following quarters before stabilizing around 2-3%.
A notable anomaly occurred in December 2024, where the operating ROA dropped significantly to -33.18%. This sharp decline raises concerns and requires further investigation to understand the factors contributing to such a drastic decrease in operating profitability.
Overall, despite the fluctuations, Avanos Medical Inc's operating ROA has shown a general improvement from negative figures to positive values, indicating enhanced operational efficiency and profitability over the quarters, with the exception of the sudden decline in December 2024.
Peer comparison
Dec 31, 2024