Glaukos Corp (GKOS)

Return on assets (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
Net income (ttm)	US$ in thousands	-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	15,424	-19,378	-12,493	-11,582
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
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%

December 31, 2023 calculation

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

Glaukos Corporation's return on assets (ROA) has shown a declining trend over the past eight quarters, with negative values recorded consistently. The ROA decreased from -2.64% in Q1 2022 to -14.32% in Q4 2023. This indicates that the company is not effectively utilizing its assets to generate profits. The persistent negative ROA may suggest inefficiencies in the company's operations or challenges in generating sufficient earnings relative to its asset base. Further analysis of Glaukos Corporation's operational efficiency and profitability measures may be warranted to identify the underlying reasons for the declining ROA.