Glaukos Corp (GKOS)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	-128,700	-82,313	-32,872	-123,553	-50,292
Total assets	US$ in thousands	940,414	1,002,380	1,049,700	1,005,500	818,400
Operating ROA		-13.69%	-8.21%	-3.13%	-12.29%	-6.15%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $-128,700K ÷ $940,414K
= -13.69%

Glaukos Corporation's operating return on assets (operating ROA) has shown variability over the past five years. The operating ROA was -13.15% as of December 31, 2023, representing a decrease from the prior year's figure of -10.21%. This decline indicates a deterioration in the company's ability to generate operating profits from its assets.

Looking back further, in December 2021, the operating ROA was -5.04%, marking an improvement compared to the previous year. However, in December 2020 and 2019, the operating ROA figures were -12.29% and -5.69%, respectively, indicating fluctuations in the company's profitability and asset utilization.

Overall, the negative operating ROA values suggest that Glaukos Corporation may be facing challenges in efficiently generating profits from its assets and operational activities. Further analysis of the company's operating expenses, revenue streams, and asset management practices may be necessary to address the downward trend in operating ROA and improve the company's financial performance.