CONMED Corporation (CNMD)
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 | 120,604 | 69,322 | 63,270 | 60,310 | 70,055 | 108,366 | 110,829 | 112,078 | 109,716 | 97,201 | 99,872 | 52,919 | 46,009 | 49,188 | 40,745 | 80,649 | 79,114 | 77,057 | 67,640 | 65,664 |
| Total assets | US$ in thousands | 2,300,020 | 2,325,680 | 2,322,720 | 2,320,120 | 2,297,590 | 2,292,040 | 2,072,260 | 1,785,720 | 1,766,020 | 1,754,090 | 1,761,970 | 1,746,610 | 1,751,670 | 1,743,130 | 1,723,910 | 1,750,970 | 1,775,100 | 1,758,420 | 1,759,400 | 1,760,840 |
| Operating ROA | 5.24% | 2.98% | 2.72% | 2.60% | 3.05% | 4.73% | 5.35% | 6.28% | 6.21% | 5.54% | 5.67% | 3.03% | 2.63% | 2.82% | 2.36% | 4.61% | 4.46% | 4.38% | 3.84% | 3.73% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $120,604K ÷ $2,300,020K
= 5.24%
Operating Return on Assets (Operating ROA) is a key financial metric that indicates how efficient a company is at generating operating profit from its assets. Conmed Corp.'s Operating ROA fluctuated over the past eight quarters, averaging around 4.34% during this period.
In the most recent quarter, Q4 2023, Conmed Corp. recorded an Operating ROA of 5.24%, which represents an improvement compared to the previous quarter. This increase suggests that the company has been able to generate a higher operating profit relative to its assets in Q4 2023.
However, the Operating ROA in Q4 2023 is still lower than the highest value achieved in Q2 2022, when it reached 6.28%. This indicates that Conmed Corp. has experienced fluctuations in its efficiency in utilizing its assets to generate operating income over the observed quarters.
Overall, while Conmed Corp.'s Operating ROA has shown variability, it is essential for the company to consistently monitor and improve this metric to ensure optimal utilization of its assets and sustainable profitability in the long term.
Peer comparison
Dec 31, 2023