LivaNova PLC (LIVN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 17,546 | -86,246 | -135,818 | -348,819 | -157,639 |
| Total assets | US$ in thousands | 2,429,560 | 2,294,770 | 2,200,950 | 2,399,960 | 2,411,800 |
| ROA | 0.72% | -3.76% | -6.17% | -14.53% | -6.54% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $17,546K ÷ $2,429,560K
= 0.72%
The return on assets (ROA) for LivaNova PLC has shown variability over the past five years. In 2023, the ROA improved to 0.72%, indicating that the company generated a return of 0.72 cents on every dollar of assets it owns. This represents a positive trend compared to the previous years.
Notably, in 2020, LivaNova PLC experienced a significant decline in ROA to -14.31%, which implies that the company incurred a loss on its assets. However, there was a notable recovery in 2021 and 2022, although still negative, with ROA at -6.17% and -3.76% respectively.
Overall, the improvement in ROA in 2023 suggests that the company may be becoming more efficient in generating profits from its assets compared to previous years. However, it is essential to monitor future trends to assess the sustainability of this improvement.
Peer comparison
Dec 31, 2023