LeMaitre Vascular Inc (LMAT)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	52,256	36,712	21,164	25,552	19,801
Total assets	US$ in thousands	551,817	346,778	310,476	292,802	252,810
Operating ROA		9.47%	10.59%	6.82%	8.73%	7.83%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $52,256K ÷ $551,817K
= 9.47%

LeMaitre Vascular Inc's operating return on assets (operating ROA) measures the company's ability to generate operating income relative to its total assets. The trend analysis of operating ROA demonstrates fluctuations over the past five years.

At the end of December 31, 2020, the operating ROA stood at 7.83%, indicating that the company generated $0.0783 of operating income for every dollar of assets. In the subsequent years, the operating ROA improved to 8.73% by December 31, 2021, suggesting enhanced efficiency in asset utilization.

However, by December 31, 2022, the operating ROA decreased to 6.82%, potentially signaling challenges in maintaining operating income levels compared to the size of assets employed. The following year saw a significant improvement, with the operating ROA rising to 10.59% by December 31, 2023. This sharp increase indicated a notable enhancement in operational efficiency and profitability.

By the end of December 31, 2024, the operating ROA slightly declined to 9.47%, although it remained relatively high compared to the earlier years in the period under review. Overall, the fluctuation in LeMaitre Vascular Inc's operating ROA reflects varying levels of operational performance and asset utilization efficiency during the specified five-year period.