CONMED Corporation (CNMD)

Return on assets (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
Net income (ttm)	US$ in thousands	64,459	57,972	88,285	-93,738	-80,582	-82,722	-113,924	67,657	62,542	62,238	54,140	13,450	9,517	310	430	33,525	28,619	29,339	28,194	31,218
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
ROA		2.80%	2.49%	3.80%	-4.04%	-3.51%	-3.61%	-5.50%	3.79%	3.54%	3.55%	3.07%	0.77%	0.54%	0.02%	0.02%	1.91%	1.61%	1.67%	1.60%	1.77%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $64,459K ÷ $2,300,020K
= 2.80%

To analyze Conmed Corp.'s return on assets (ROA) over the past eight quarters, we can observe the following trends:

1. Q4 2023: ROA stands at 2.80%, showing a positive return on assets compared to the previous quarter.

2. Q3 2023: ROA decreased slightly to 2.49%, indicating a dip in the company's ability to generate profits from its assets.

3. Q2 2023: ROA experienced a significant increase to 3.80%, demonstrating improved asset utilization and profitability.

4. Q1 2023: ROA turned negative at -4.04%, suggesting that Conmed Corp. incurred losses relative to its asset base.

5. Q4 2022: ROA was -3.51%, showing a continuation of the negative trend from the previous quarter.

6. Q3 2022: ROA was -3.61%, indicating persistent challenges in asset efficiency and profitability.

7. Q2 2022: ROA recorded the lowest figure at -5.50%, highlighting a substantial decline in profitability and asset utilization.

8. Q1 2022: ROA rebounded to 3.79%, signaling a sharp improvement in the company's ability to generate profits from its assets.

Overall, Conmed Corp.'s ROA has shown volatility and inconsistency over the past eight quarters, with periods of negative returns interspersed with occasional spikes in profitability. It is essential for the company to focus on enhancing operational efficiency and optimizing asset utilization to sustain positive ROA figures in the future.