Glaukos Corp (GKOS)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 78.86% | 78.24% | 78.32% | 78.54% | 78.42% | 78.71% | 78.53% | 78.03% | 77.63% | 76.70% | 74.98% | 68.40% | 59.77% | 60.10% | 63.96% | 73.86% | 83.85% | 86.92% | 86.73% | 87.54% |
| Operating profit margin | -42.44% | -42.18% | -40.95% | -44.84% | -30.18% | -24.19% | -12.00% | -3.88% | -11.22% | -9.01% | -17.59% | -34.99% | -55.42% | -65.81% | -68.03% | -42.79% | -21.26% | -8.32% | -6.28% | -5.82% |
| Pretax margin | -44.11% | -43.67% | -43.65% | -49.60% | -36.09% | -32.58% | -19.79% | -9.42% | -16.82% | -13.97% | -22.61% | -39.75% | -59.35% | -68.51% | -69.20% | -43.79% | -21.15% | -8.21% | -5.58% | -5.64% |
| Net profit margin | -44.41% | -44.06% | -44.11% | -49.90% | -36.37% | -32.61% | -19.81% | -9.55% | -16.93% | -13.10% | -21.32% | -34.99% | -53.98% | -33.92% | -33.97% | -15.80% | 6.52% | -8.62% | -5.94% | -6.01% |
The gross profit margin for Glaukos Corporation has been relatively stable over the past eight quarters, ranging between 75.61% and 75.99%. This indicates that the company has been able to maintain a high level of profitability after accounting for the cost of goods sold.
However, the operating profit margin, pretax margin, and net profit margin have shown a declining trend throughout the quarters, with the most recent quarter (Q4 2023) reporting the lowest figures. The negative values for these profitability ratios suggest that the company's operating expenses and taxes are impacting its overall profitability, resulting in net losses.
The significant decrease in profitability ratios from Q1 2023 to Q4 2023, particularly in the operating profit margin, pretax margin, and net profit margin, reflects deteriorating financial performance over time. This decline may indicate challenges in cost management, revenue generation, or other operational inefficiencies that are affecting Glaukos Corporation's bottom line.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | -14.32% | -13.63% | -13.22% | -14.31% | -9.90% | -8.89% | -5.41% | -2.64% | -4.72% | -3.61% | -5.78% | -8.09% | -11.97% | -7.35% | -7.12% | -4.78% | 1.88% | -6.30% | -4.14% | -5.08% |
| Return on total capital | -16.13% | -15.08% | -14.45% | -15.77% | -10.44% | -9.13% | -4.99% | -1.57% | -4.14% | -3.23% | -8.67% | -14.23% | -14.42% | -16.72% | -16.77% | -15.74% | -7.47% | -9.84% | -7.04% | -6.05% |
| Return on equity (ROE) | -29.16% | -27.08% | -25.87% | -27.37% | -18.72% | -16.34% | -9.92% | -4.64% | -8.45% | -6.38% | -10.33% | -14.03% | -18.03% | -11.05% | -10.70% | -5.82% | 2.29% | -10.19% | -6.65% | -6.24% |
Over the past eight quarters, Glaukos Corporation's profitability ratios have exhibited a downward trend, indicating declining profitability performance. The Operating Return on Assets (Operating ROA), which measures the company's operating income generated per dollar of assets, has been consistently negative but has worsened sequentially, with Q4 2023 showing the lowest figure at -13.15%.
The Return on Assets (ROA), reflecting the company's overall profitability in relation to its total assets, has also experienced a deterioration, with the latest quarter (Q4 2023) recording a negative figure of -14.32%. This suggests that the company is not efficiently utilizing its assets to generate profits.
Similarly, the Return on Total Capital, which assesses the company's profitability in relation to all sources of capital, has shown a declining trend, reaching -15.18% in Q4 2023. This implies that the company is not effectively leveraging its total capital to generate returns.
Moreover, the Return on Equity (ROE), which indicates the return earned on shareholders' equity, has also declined over the same period, with Q4 2023 showing the lowest figure at -29.16%. This indicates that the company's profitability in relation to its equity investment has been weakening.
In summary, Glaukos Corporation's profitability ratios have been consistently deteriorating over the past eight quarters, suggesting potential challenges in operational efficiency and overall financial performance. Investors and stakeholders may need to closely monitor the company's profitability metrics and assess the underlying factors contributing to the declining profitability trends.