Inspire Medical Systems Inc (INSP)
Return on assets (ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 53,509 | 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 |
| Total assets | US$ in thousands | 808,383 | 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 |
| ROA | 6.62% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $53,509K ÷ $808,383K
= 6.62%
Inspire Medical Systems Inc's return on assets (ROA) is a key financial ratio that indicates the company's efficiency in generating profits from its assets. Based on the provided data, Inspire Medical Systems Inc's ROA experienced a significant improvement over the analyzed period.
The ROA started at a negative level, indicating that the company was initially struggling to generate earnings relative to its assets. However, this trend gradually improved, turning positive by the middle of the data timeline. This positive ROA indicates that Inspire Medical Systems Inc effectively utilizes its assets to generate profits.
The increasing trend in ROA suggests that the company's management has been successful in enhancing operational efficiency and profitability. It also reflects positively on the company's ability to generate earnings, which is crucial for sustainable growth and investor confidence.
Overall, the improving ROA of Inspire Medical Systems Inc over the analyzed period is a positive indicator of the company's operational performance and efficiency in utilizing its assets to drive profitability.
Peer comparison
Dec 31, 2024