Glaukos Corp (GKOS)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-134,661	-99,195	-49,593	-120,348	15,424
Total assets	US$ in thousands	940,414	1,002,380	1,049,700	1,005,500	818,400
ROA		-14.32%	-9.90%	-4.72%	-11.97%	1.88%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-134,661K ÷ $940,414K
= -14.32%

Glaukos Corporation's return on assets (ROA) has varied significantly over the past five years. In 2019, the company had a positive ROA of 1.88%, indicating that it generated a profit from its assets. However, this trend reversed in the following years, with ROA turning negative.

In 2020, Glaukos Corporation experienced a significant decline in profitability, with ROA plummeting to -11.97%. The company continued to struggle in 2021, as reflected in a ROA of -4.72%. Although there was a slight improvement in 2022, with ROA climbing to -9.90%, it remained in negative territory.

The most recent data for 2023 shows a further decline in ROA to -14.32%. This indicates that Glaukos Corporation is generating a net loss from its assets in the most recent period, which may raise concerns about the company's operational efficiency and profitability.

Overall, the downward trend in ROA over the past five years suggests that Glaukos Corporation is facing challenges in effectively utilizing its assets to generate profits. Investors and stakeholders may view this trend as a potential red flag, prompting further analysis of the company's financial performance and strategic direction.