LivaNova PLC (LIVN)
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 | 17,546 | 2,868 | -97,158 | -81,869 | -86,246 | -93,034 | -29,133 | -102,064 | -135,818 | -411,741 | -383,112 | -416,040 | -348,819 | -210,999 | -164,067 | -103,867 | -155,176 | -222,507 | -261,802 | -217,521 |
| Total assets | US$ in thousands | 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 | 2,411,800 | 2,509,940 | 2,621,660 | 2,599,540 |
| ROA | 0.72% | 0.12% | -4.15% | -3.57% | -3.76% | -4.20% | -1.25% | -4.22% | -6.17% | -18.69% | -15.99% | -17.56% | -14.53% | -8.37% | -6.56% | -4.23% | -6.43% | -8.87% | -9.99% | -8.37% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $17,546K ÷ $2,429,560K
= 0.72%
LivaNova PLC's return on assets (ROA) has shown fluctuating performance over the past eight quarters. In Q4 2023, the company achieved an ROA of 0.72%, indicating a slight improvement compared to the previous quarter. However, this positive trend contrasts sharply with the significantly negative ROA figures recorded in Q2 2023 (-4.15%) and Q1 2023 (-3.57%).
The performance in Q4 2023 may suggest that the company has been able to generate a slightly higher level of profit from its assets, albeit at a modest rate. It is essential for LivaNova PLC to sustain or improve this trend in the future to enhance its efficiency in utilizing assets to generate earnings. Overall, the fluctuating ROA figures in the given periods indicate the company's varying ability to generate profits relative to its asset base.
Peer comparison
Dec 31, 2023