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