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