LeMaitre Vascular Inc (LMAT)

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	30,105	27,267	25,221	20,638	20,636	21,184	22,232	27,016	26,907	27,765	28,774	23,975	21,220	18,800	16,471	17,595	17,934	19,346	18,476	22,603
Total assets	US$ in thousands	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	188,341	170,014	162,661	160,252
ROA		8.68%	8.16%	7.73%	6.55%	6.65%	7.01%	7.42%	9.24%	9.19%	9.59%	11.67%	9.69%	8.39%	7.19%	6.44%	9.53%	9.52%	11.38%	11.36%	14.10%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $30,105K ÷ $346,778K
= 8.68%

The return on assets (ROA) for Lemaitre Vascular Inc has displayed fluctuations over the past eight quarters. In Q4 2023, the ROA was 8.68%, marking an increase from the previous quarter's 8.16%. This indicates that the company generated $0.0868 in profit for every dollar of assets it possessed during the quarter.

While Q4 2023 showed improvement in ROA, it is important to note that Q1 2022 had the highest ROA at 9.24%, followed by Q4 2022 at 6.65%. This suggests that the company had a period of higher profitability in the first half of 2022 compared to the latest quarters.

Overall, the ROA trend for Lemaitre Vascular Inc indicates that the company has been relatively efficient in generating earnings from its assets, with some fluctuations in performance. Further analysis of the underlying factors driving these fluctuations would be necessary to fully understand the company's financial health and performance.