Globus Medical (GMED)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	133,142	177,047	236,345	237,909	227,951	192,123	185,750	163,850	171,953	212,288	208,972	137,533	111,433	102,877	94,925	163,357	171,988	122,009	118,249	117,519
Total assets	US$ in thousands	5,086,080	5,355,880	2,212,460	2,149,620	2,076,130	1,976,510	1,914,710	1,998,690	1,957,260	1,910,580	1,830,210	1,737,890	1,679,480	1,541,740	1,465,800	1,479,360	1,532,080	1,452,180	1,390,750	1,335,920
Operating ROA		2.62%	3.31%	10.68%	11.07%	10.98%	9.72%	9.70%	8.20%	8.79%	11.11%	11.42%	7.91%	6.63%	6.67%	6.48%	11.04%	11.23%	8.40%	8.50%	8.80%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $133,142K ÷ $5,086,080K
= 2.62%

To analyze the operating return on assets (ROA) of Globus Medical Inc, we look at the trend in the operating ROA over the past eight quarters. The operating ROA measures the company's ability to generate earnings from its operating activities relative to its total assets.

From the data provided, we observe that Globus Medical Inc's operating ROA has fluctuated over the past eight quarters. In Q2 and Q1 of 2023, the operating ROA showed a significant increase from the previous quarters, reaching 11.20% and 11.41% respectively. This indicates that the company was more efficient in generating earnings from its operations relative to its assets during these periods.

However, in Q4 of 2023, the operating ROA decreased to 3.97%, marking a significant decline compared to the previous quarters. This may suggest a decrease in the company's operating efficiency or profitability during that period.

Overall, the trend in operating ROA for Globus Medical Inc shows variability in performance over the analyzed quarters. It is important for stakeholders to monitor and assess the factors influencing these fluctuations to gain insights into the company's operational efficiency and profitability.