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.
Peer comparison
Dec 31, 2023