CONMED Corporation (CNMD)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	132,423	64,459	-80,582	62,542	9,517
Total assets	US$ in thousands	2,306,250	2,300,020	2,297,590	1,766,020	1,751,670
ROA		5.74%	2.80%	-3.51%	3.54%	0.54%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $132,423K ÷ $2,306,250K
= 5.74%

CONMED Corporation's return on assets (ROA) has shown fluctuations over the years. In December 2020, the ROA was relatively low at 0.54%, indicating that the company was generating a modest return on its assets. By December 2021, the ROA improved significantly to 3.54%, suggesting increased efficiency in asset utilization and profitability.

However, in December 2022, the ROA turned negative at -3.51%, indicating that the company experienced a decline in its asset efficiency and profitability, possibly due to operational challenges or financial difficulties. The following year, in December 2023, the ROA recovered to 2.80%, showing signs of improvement in asset performance and profitability.

By December 2024, CONMED Corporation's ROA surged to 5.74%, reflecting a substantial increase in the company's ability to generate profits from its assets. Overall, the fluctuating trend in ROA indicates that CONMED Corporation has experienced varying levels of success in efficiently utilizing its assets to generate profits over the analyzed period.