LivaNova PLC (LIVN)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 129,051 | 4,040 | -27,120 | -49,910 | -68,498 | 33,452 | -102,979 | -88,599 | -76,752 | -65,958 | 82,437 | 14,419 | -784 | -274,561 | -298,535 | -279,016 | -273,899 | -168,852 | -135,539 | -148,672 |
| Total assets | US$ in thousands | 2,506,390 | 2,521,960 | 2,453,190 | 2,459,600 | 2,429,560 | 2,329,420 | 2,341,560 | 2,294,890 | 2,294,770 | 2,212,880 | 2,336,240 | 2,416,880 | 2,200,950 | 2,203,410 | 2,396,520 | 2,369,170 | 2,399,960 | 2,521,750 | 2,502,660 | 2,454,440 |
| Operating ROA | 5.15% | 0.16% | -1.11% | -2.03% | -2.82% | 1.44% | -4.40% | -3.86% | -3.34% | -2.98% | 3.53% | 0.60% | -0.04% | -12.46% | -12.46% | -11.78% | -11.41% | -6.70% | -5.42% | -6.06% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $129,051K ÷ $2,506,390K
= 5.15%
LivaNova PLC's operating return on assets (operating ROA) has exhibited significant fluctuations over the periods analyzed. Initially in March 2020, the company had a negative operating ROA of -6.06%, indicating operational inefficiencies. The performance slightly improved in the following quarter reaching -5.42% by June 2020, but deteriorated again to -6.70% by September 2020.
The company experienced a major decline by the end of 2020 with an operating ROA of -11.41%, which further worsened to -11.78% by March 2021 and -12.46% by June 2021. This downward trend stabilized somewhat by the end of the same year at -12.46%.
The performance turned around in the first quarter of 2022 with a slight positive operating ROA of 0.60%, and further improved reaching 3.53% by June 2022. However, this positive trend was short-lived as the operating ROA declined to -2.98% by September 2022 and -3.34% by December 2022.
There were fluctuations in the following quarters, with some improvement in March 2023 at 1.44% but negative values continued in subsequent periods. By the end of December 2024, LivaNova PLC saw a significant increase in operating ROA to 5.15%, indicating a potential turnaround in its operational efficiency.
Overall, it is evident that LivaNova PLC has faced challenges in generating favorable returns from its operations in the past, but recent positive movements suggest potential improvements in the company's asset utilization and operational performance.
Peer comparison
Dec 31, 2024