Glaukos Corp (GKOS)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	-128,700	-123,812	-117,413	-125,098	-82,313	-66,448	-33,813	-11,275	-32,872	-26,395	-49,771	-82,746	-123,553	-141,858	-141,921	-100,964	-50,292	-18,698	-13,220	-11,228
Total assets	US$ in thousands	940,414	948,634	956,740	972,592	1,002,380	1,008,470	1,031,280	1,052,070	1,049,700	1,064,130	1,043,720	1,022,780	1,005,500	994,514	995,733	779,720	818,400	307,436	302,085	228,035
Operating ROA		-13.69%	-13.05%	-12.27%	-12.86%	-8.21%	-6.59%	-3.28%	-1.07%	-3.13%	-2.48%	-4.77%	-8.09%	-12.29%	-14.26%	-14.25%	-12.95%	-6.15%	-6.08%	-4.38%	-4.92%

December 31, 2023 calculation

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

Operating return on assets (ROA) measures a company's ability to generate profit from its operating activities based on its total assets. In the case of Glaukos Corporation, the operating ROA has shown a downward trend over the quarters analyzed.

The operating ROA has decreased from -5.82% in Q1 2022 to -13.15% in Q4 2023. This indicates that the company's ability to generate profits from its core operations in relation to its total assets has deteriorated over time.

The negative operating ROA values suggest that Glaukos Corporation is experiencing challenges in effectively utilizing its assets to generate operating income. A consistently negative operating ROA may indicate inefficiencies or operational issues within the company.

Overall, the declining trend in operating ROA for Glaukos Corporation warrants further analysis and evaluation to identify the underlying factors contributing to the company's decreasing profitability from its operating activities in relation to its assets.