Glaukos Corp (GKOS)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 76.52% | 79.40% | 80.13% | 81.70% | 62.94% |
| Operating profit margin | -32.35% | -42.73% | -30.84% | -11.81% | -58.37% |
| Pretax margin | -38.49% | -44.40% | -36.88% | -17.70% | -62.51% |
| Net profit margin | -38.70% | -44.71% | -37.16% | -17.82% | -56.85% |
Glaukos Corp's profitability has shown improvement in recent years based on its gross profit margin, which increased from 62.94% in 2020 to 76.52% in 2024. This indicates the company's ability to generate profits from its core business activities after accounting for the cost of goods sold.
However, the operating profit margin, pretax margin, and net profit margin have all been negative during this period, although there has been some fluctuation. The operating profit margin improved from -58.37% in 2020 to -32.35% in 2024, showing some progress in controlling operating expenses, but the company is still operating at a loss.
Similarly, the pretax margin and net profit margin also showed slight improvements over the years but remained negative. This indicates that Glaukos Corp continues to experience challenges in generating profits after considering all expenses and taxes.
Overall, while the company has made progress in increasing its gross profit margin, it still faces profitability challenges at the operating, pre-tax, and net profit levels.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -12.55% | -13.69% | -8.21% | -3.13% | -12.29% |
| Return on assets (ROA) | -15.02% | -14.32% | -9.90% | -4.72% | -11.97% |
| Return on total capital | -15.96% | -16.13% | -10.44% | -4.14% | -13.79% |
| Return on equity (ROE) | -19.09% | -29.16% | -18.72% | -8.45% | -18.03% |
Glaukos Corp's profitability ratios have shown a mixed performance over the past five years.
1. Operating return on assets (Operating ROA) indicates the company's operational efficiency in generating profits from its assets. The ratio has fluctuated, ranging from -3.13% to -13.69% over the period, with a significant decline in 2023.
2. Return on assets (ROA) represents the overall profitability of the company in relation to its total assets. Glaukos Corp's ROA has been negative throughout the period, with values ranging from -4.72% to -15.02%, showing a downward trend and lower profitability in recent years.
3. Return on total capital reflects the efficiency of the company in generating returns for all capital holders, including both debt and equity. Glaukos Corp's return on total capital has also been negative, with values falling between -4.14% and -16.13%, suggesting challenges in generating returns for investors.
4. Return on equity (ROE) shows how effectively the company is utilizing shareholders' equity to generate profits. Glaukos Corp's ROE has been negative over the years, ranging from -8.45% to -29.16%, indicating a decrease in profitability and efficiency in utilizing equity.
In conclusion, Glaukos Corp's profitability ratios have shown a downward trend over the years, indicating challenges in generating profits and efficiency in utilizing assets and capital effectively. Further analysis of the company's financial performance and strategies may be necessary to address these profitability concerns.