Avanos Medical Inc (AVNS)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 12,900 | 56,800 | 68,400 | 80,600 | 86,600 | 58,500 | 49,100 | 31,700 | 10,700 | -63,500 | -67,000 | -61,500 | -48,500 | -4,500 | -22,500 | -30,500 | -55,700 | -60,800 | -35,700 | -17,100 |
| Total assets | US$ in thousands | 1,692,400 | 1,724,900 | 1,666,700 | 1,734,900 | 1,786,900 | 1,775,200 | 1,752,800 | 1,766,500 | 1,603,600 | 1,597,900 | 1,683,300 | 1,648,800 | 1,672,800 | 1,799,100 | 1,755,900 | 1,763,700 | 1,799,600 | 1,807,700 | 1,783,400 | 1,834,000 |
| Operating ROA | 0.76% | 3.29% | 4.10% | 4.65% | 4.85% | 3.30% | 2.80% | 1.79% | 0.67% | -3.97% | -3.98% | -3.73% | -2.90% | -0.25% | -1.28% | -1.73% | -3.10% | -3.36% | -2.00% | -0.93% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $12,900K ÷ $1,692,400K
= 0.76%
Avanos Medical Inc's operating return on assets (operating ROA) has fluctuated over the quarters in the provided data. The trend indicates a general decline from Q1 2022 to Q4 2023, with the operating ROA decreasing from 4.16% to 1.03%. This suggests a potential decrease in the company's efficiency in generating operating income from its assets over the given period. The peak in Q4 2022 at 4.34% might indicate a period of improved asset utilization compared to subsequent quarters. Further analysis of factors affecting operating performance and asset management efficiency would be necessary to understand the drivers of these fluctuations and determine potential areas for improvement.
Peer comparison
Dec 31, 2023