Inspire Medical Systems Inc (INSP)

Return on assets (ROA)

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	33,048	6,011	-15,734	-21,153	-32,766	-41,073	-43,611	-44,881	-50,422	-43,922	-42,520	-42,042	-47,135	-47,173	-57,174	-57,203	-58,799	-56,661	-41,222	-33,243
Total assets	US$ in thousands	796,194	728,389	685,842	676,811	639,494	618,246	571,847	564,876	527,523	292,002	289,720	295,084	278,894	272,208	273,413	281,189	271,784	271,308	165,736	181,253
ROA		4.15%	0.83%	-2.29%	-3.13%	-5.12%	-6.64%	-7.63%	-7.95%	-9.56%	-15.04%	-14.68%	-14.25%	-16.90%	-17.33%	-20.91%	-20.34%	-21.63%	-20.88%	-24.87%	-18.34%

September 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $33,048K ÷ $796,194K
= 4.15%

Inspire Medical Systems Inc's return on assets (ROA) has exhibited a fluctuating trend over the past several quarters. The ROA was positive and relatively strong at 4.15% as of September 30, 2024, signifying an increase in profitability generated from its assets. This improvement may indicate better operational efficiency and financial management during this period.

However, it should be noted that the previous quarters had shown negative ROA figures, with the lowest being -24.87% as of March 31, 2020. These negative values suggest that the company's assets were not generating sufficient returns to cover expenses or that the company experienced losses during these periods.

The negative ROA figures could be a result of various factors such as declining sales, higher expenses relative to revenue, or inefficient use of assets. It is important for the company to consistently monitor and improve its ROA to ensure sustainable profitability and long-term financial health.

Overall, the recent positive ROA indicates a potential turnaround in the company's performance, but continued efforts are necessary to maintain and further improve ROA in the future.