Glaukos Corp (GKOS)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	-146,372	-149,571	-158,606	-140,873	-134,661	-129,342	-126,474	-139,198	-99,195	-89,607	-55,801	-27,747	-49,593	-38,369	-60,347	-82,759	-120,348	-73,119	-70,877	-37,292
Total assets	US$ in thousands	974,756	926,543	919,675	933,338	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
ROA		-15.02%	-16.14%	-17.25%	-15.09%	-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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-146,372K ÷ $974,756K
= -15.02%

The return on assets (ROA) of Glaukos Corp has shown a declining trend over the analyzed period, starting at -4.78% as of March 31, 2020, and reaching its lowest point of -17.25% as of June 30, 2024. This indicates that the company's ability to generate profits from its assets has been progressively weakening.

The ROA values have mostly been negative, reflecting that the company's net income is insufficient to cover its asset base. The decreasing ROA suggests that Glaukos Corp may be facing challenges in effectively utilizing its assets to generate profits or may have inefficiencies affecting its profitability.

Investors and stakeholders should closely monitor the company's performance and evaluate the factors contributing to the declining ROA to assess the company's operational efficiency and profitability prospects. Management may need to focus on improving asset utilization and operational performance to enhance the company's ROA and overall financial health.