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.
Peer comparison
Dec 31, 2023