LeMaitre Vascular Inc (LMAT)

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	52,256	49,556	45,588	40,660	36,660	32,016	26,922	23,254	21,043	23,834	28,821	34,143	36,425	37,669	38,614	32,380	28,788	24,171	20,058	21,101
Total assets	US$ in thousands	551,817	377,025	363,079	353,957	346,778	334,012	326,467	314,866	310,476	302,048	299,425	292,453	292,802	289,473	246,505	247,369	252,810	261,569	255,717	184,557
Operating ROA		9.47%	13.14%	12.56%	11.49%	10.57%	9.59%	8.25%	7.39%	6.78%	7.89%	9.63%	11.67%	12.44%	13.01%	15.66%	13.09%	11.39%	9.24%	7.84%	11.43%

December 31, 2024 calculation

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

Operating return on assets (Operating ROA) reflects LeMaitre Vascular Inc's efficiency in generating operating income relative to its total assets. Based on the provided data, LeMaitre Vascular's Operating ROA has shown fluctuations over the analyzed period.

From March 31, 2020, to December 31, 2021, the Operating ROA exhibited an increasing trend, indicating a strengthening operational performance. The ratio peaked at 15.66% on June 30, 2021, highlighting a period of optimal asset utilization and operational profitability. However, from June 30, 2021, to December 31, 2024, the Operating ROA experienced a downward trend, suggesting potential challenges in maintaining operational efficiency and profitability.

The ratio fluctuated between 6.78% and 15.66% over the analyzed period, with the latest reported figure as of December 31, 2024, standing at 9.47%. This decline may be a cause for further investigation into factors influencing the company's operating performance and asset management strategies.

Overall, while LeMaitre Vascular Inc has shown varying levels of operating profitability relative to its assets, a thorough assessment of the underlying factors contributing to these fluctuations would be crucial in understanding and improving the company's operational efficiency and financial performance.