Glaukos Corp (GKOS)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -146,372 | -134,661 | -99,195 | -49,593 | -120,348 |
| Total assets | US$ in thousands | 974,756 | 940,414 | 1,002,380 | 1,049,700 | 1,005,500 |
| ROA | -15.02% | -14.32% | -9.90% | -4.72% | -11.97% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-146,372K ÷ $974,756K
= -15.02%
The return on assets (ROA) for Glaukos Corp has been experiencing fluctuations over the years, as evidenced by the data provided. The ROA was at its lowest point on December 31, 2024, at -15.02%, indicating that the company's ability to generate profit from its assets was significantly diminished at that time.
In comparison, the ROA improved slightly in the previous year, reaching -14.32% on December 31, 2023, although it remained in negative territory. This suggests that the company's profitability relative to its total assets improved marginally, but still faced challenges.
The data also shows that the ROA was negative in all the years presented, indicating that Glaukos Corp has been struggling to effectively utilize its assets to generate profits. This negative trend raises concerns about the company's operational efficiency and financial performance.
Overall, the fluctuating and consistently negative ROA values for Glaukos Corp suggest that the company may need to focus on optimizing its asset utilization and operational efficiency to improve its profitability and financial health in the future.
Peer comparison
Dec 31, 2024