Avanos Medical Inc (AVNS)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -392,100 | 15,700 | 7,700 | -62,200 | -61,800 | -55,400 | -36,000 | 43,500 | 49,800 | 42,900 | -7,900 | 18,600 | 5,200 | -52,000 | 2,400 | -38,500 | -27,200 | 13,900 | -16,900 | -21,900 |
| 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 |
| ROA | -33.97% | 0.95% | 0.46% | -3.74% | -3.65% | -3.21% | -2.16% | 2.51% | 2.79% | 2.42% | -0.45% | 1.05% | 0.33% | -3.25% | 0.14% | -2.34% | -1.63% | 0.77% | -0.96% | -1.24% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-392,100K ÷ $1,154,200K
= -33.97%
The return on assets (ROA) for Avanos Medical Inc fluctuated significantly over the analyzed period. The ROA started at a negative 1.24% on March 31, 2020, indicating that the company's assets were not generating a positive return at that time. Throughout the following quarters, the ROA showed varying trends, with some quarters experiencing positive returns, such as September 30, 2020, and March 31, 2022, where the ROA was 0.77% and 1.05%, respectively.
However, there were several quarters with negative ROA, signifying that the company's assets were not efficiently utilized to generate profits during those periods. For instance, the ROA on December 31, 2020, was -1.63% and dropped further to -3.25% on September 30, 2021. Avanos Medical Inc recorded its lowest ROA of -33.97% on December 31, 2024, indicating a significant decrease in the company's ability to generate profits from its assets.
Overall, the fluctuating ROA values suggest that Avanos Medical Inc experienced challenges in efficiently utilizing its assets to generate profits consistently over the analyzed period. The negative ROA values indicate potential inefficiencies in the company's operations and asset management, which may require further analysis and strategic adjustments to improve profitability and asset utilization in the future.
Peer comparison
Dec 31, 2024