CONMED Corporation (CNMD)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	200,326	130,786	70,054	37,847	-26,970
Total assets	US$ in thousands	2,306,250	2,300,020	2,297,590	1,766,020	1,751,670
Operating ROA		8.69%	5.69%	3.05%	2.14%	-1.54%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $200,326K ÷ $2,306,250K
= 8.69%

CONMED Corporation's operating return on assets (operating ROA) has shown an improving trend over the years. As of December 31, 2020, the operating ROA was -1.54%, indicating a negative return on assets. However, by December 31, 2024, the operating ROA had significantly improved to 8.69%, reflecting a more profitable utilization of the company's assets to generate operating income. This indicates that CONMED Corporation has been able to enhance its operational efficiency and generate higher returns relative to the assets employed in its operations. The increasing trend in the operating ROA suggests improving operational performance and efficiency in the company's business activities.