Glaukos Corp (GKOS)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 79.40% | 80.13% | 81.70% | 62.94% | 84.86% |
| Operating profit margin | -42.73% | -30.84% | -11.81% | -58.37% | -21.51% |
| Pretax margin | -44.40% | -36.88% | -17.70% | -62.51% | -21.40% |
| Net profit margin | -44.71% | -37.16% | -17.82% | -56.85% | 6.60% |
Glaukos Corporation's profitability ratios have shown varying trends over the past five years. The gross profit margin has been relatively stable, hovering around the mid-70% range, indicating consistent profitability on its sales after accounting for cost of goods sold.
However, the operating profit margin has been fluctuating significantly, with negative values in each year. This suggests that Glaukos has been experiencing challenges in controlling its operating expenses relative to its revenue. The pretax margin and net profit margin have also been negative for the past five years, indicating that the company has been unable to generate profits after accounting for operating expenses, taxes, and other costs.
Overall, Glaukos Corporation's profitability ratios indicate a trend of struggling to maintain profitability, particularly in terms of controlling operating expenses and generating positive net income. Further analysis of the company's cost structure and revenue generation is warranted to address these profitability challenges.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -13.69% | -8.21% | -3.13% | -12.29% | -6.15% |
| Return on assets (ROA) | -14.32% | -9.90% | -4.72% | -11.97% | 1.88% |
| Return on total capital | -16.13% | -10.44% | -4.14% | -13.79% | -7.05% |
| Return on equity (ROE) | -29.16% | -18.72% | -8.45% | -18.03% | 2.29% |
Glaukos Corporation's profitability ratios reflect a mixed performance over the past five years. The company's Operating ROA has shown a downward trend, with negative values ranging from -13.15% in 2023 to -5.69% in 2019. This indicates that the company is not efficiently generating profits from its assets to cover operating costs.
Similarly, the ROA decreased from -14.32% in 2023 to 1.88% in 2019, suggesting a decline in the company's overall ability to generate profits from its total assets. This trend is also reflected in the Return on Total Capital, which decreased from -15.18% in 2023 to -6.36% in 2019, indicating a decrease in profitability relative to the total capital employed by the company.
Moreover, the ROE has shown a significant decline over the years, with values dropping from -29.16% in 2023 to 2.29% in 2019. This indicates that the company's profitability in relation to the shareholders' equity has worsened, as the returns generated for equity holders have been negative in recent years.
Overall, the profitability ratios suggest that Glaukos Corporation is facing challenges in efficiently utilizing its assets and capital to generate profits, as reflected in the negative trends across these key financial metrics.