CONMED Corporation (CNMD)

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	197,705	188,177	152,770	142,976	95,454	51,388	27,709	24,749	35,597	73,908	93,998	95,247	109,716	97,201	99,872	52,919	46,009	49,187	40,744	80,648
Total assets	US$ in thousands	2,306,250	2,315,740	2,285,620	2,309,260	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
Operating ROA		8.57%	8.13%	6.68%	6.19%	4.15%	2.21%	1.19%	1.07%	1.55%	3.22%	4.54%	5.33%	6.21%	5.54%	5.67%	3.03%	2.63%	2.82%	2.36%	4.61%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $197,705K ÷ $2,306,250K
= 8.57%

Operating ROA is a crucial financial metric that reflects the efficiency with which CONMED Corporation generates profit from its assets used in its core operations. Analyzing the trend of CONMED Corporation's operating ROA over the provided quarters from March 2020 to December 2024 reveals fluctuations in performance.

The operating ROA started at 4.61% in March 2020 and experienced a decline in the subsequent quarter to 2.36% in June 2020. However, there was a slight improvement in September 2020, reaching 2.82%, before dropping to 2.63% in December 2020. The trend continued with an increase to 3.03% in March 2021 and a significant surge to 5.67% in June 2021, indicating improved asset utilization efficiency during that period.

Subsequently, operating ROA maintained relatively high levels above 5% until the end of 2022. However, from March 2023 onwards, there was a downward trend in operating ROA, which hit its lowest point at 1.07% in March 2023. The metric gradually improved in the following quarters but remained below previous peak levels until December 2024, where it reached 8.57%.

Overall, CONMED Corporation's operating ROA exhibited variability over the analyzed period, with intermittent fluctuations reflecting changes in asset efficiency and profitability ratios. Monitoring and analyzing this metric can provide insights into the company's operational performance and effectiveness in utilizing its assets to generate profits.