Globus Medical (GMED)

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	122,873	157,904	204,337	201,215	190,170	155,211	154,991	141,946	149,191	187,042	184,047	121,665	102,285	94,858	88,949	147,949	155,210	146,431	143,332	150,146
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
ROA		2.42%	2.95%	9.24%	9.36%	9.16%	7.85%	8.09%	7.10%	7.62%	9.79%	10.06%	7.00%	6.09%	6.15%	6.07%	10.00%	10.13%	10.08%	10.31%	11.24%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $122,873K ÷ $5,086,080K
= 2.42%

To analyze the return on assets (ROA) of Globus Medical Inc, we can see that the ROA has fluctuated over the past eight quarters. In Q2 and Q1 of 2023, Globus Medical Inc reported significantly higher ROA figures of 9.24% and 9.36% respectively, indicating strong performance in generating profit relative to its total assets. These values were higher compared to the ROA figures in the previous quarters, demonstrating an improvement in utilizing its assets efficiently.

Despite the fluctuations, Globus Medical Inc consistently maintained ROA values above 7%, showing a consistent ability to generate returns from its assets. The variations in ROA could be attributed to changes in the company's profitability and asset management efficiency. Overall, the trend in ROA indicates that Globus Medical Inc has been effectively utilizing its assets to generate profits, although there have been some fluctuations in performance over the past eight quarters.