Glaukos Corp (GKOS)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	-122,366	-128,700	-82,313	-32,872	-123,553
Total assets	US$ in thousands	974,756	940,414	1,002,380	1,049,700	1,005,500
Operating ROA		-12.55%	-13.69%	-8.21%	-3.13%	-12.29%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $-122,366K ÷ $974,756K
= -12.55%

To analyze Glaukos Corp's operating return on assets (operating ROA) over the past five years:

1. The operating ROA for December 31, 2020, was -12.29%. This indicates that for the fiscal year ending December 31, 2020, Glaukos Corp generated an operating loss based on its assets.

2. The operating ROA improved in the subsequent year ending December 31, 2021, to -3.13%. While still negative, this shows a reduction in the operating loss relative to the previous year.

3. By December 31, 2022, the operating ROA deteriorated to -8.21%, signifying a worsening in the operating performance relative to the previous year.

4. The following year, by December 31, 2023, the operating ROA decreased further to -13.69%, indicating a significant decline in operating performance relative to the prior year.

5. As of December 31, 2024, the operating ROA improved slightly to -12.55%, although still negative, reflecting an ongoing challenge in generating operating profits in relation to the company's assets.

Overall, Glaukos Corp has consistently reported negative operating ROA over the past five years, with fluctuations in performance. The declining trend in operating ROA from 2021 to 2023 suggests challenges in efficiently utilizing assets to generate operating profits. The company may need to assess its operational efficiency and profitability strategies to improve its operating ROA in the future.