Inari Medical Inc (NARI)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	-14,032	-10,626	-22,537	-30,355	-28,099	-20,462	-13,391	49	10,844	16,094	26,011	21,296
Total assets	US$ in thousands	674,235	548,835	524,968	506,534	504,152	487,819	484,262	484,109	311,542	292,427	253,559	234,577	214,092	205,811	224,354
Operating ROA		-2.08%	-1.94%	-4.29%	-5.99%	-5.57%	-4.19%	-2.77%	0.01%	3.48%	5.50%	10.26%	9.08%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-14,032K ÷ $674,235K
= -2.08%

Inari Medical Inc's operating return on assets (ROA) has exhibited a mixed performance over the quarters in the given time frame. The company's operating ROA was negative in all the quarters, indicating that its operating profits were insufficient to cover its asset base during those periods. The trend shows a deterioration in operating ROA from Q1 2022 to Q4 2023, with the lowest point recorded in Q1 2023 at -5.99%.

The negative operating ROA figures suggest that Inari Medical Inc may be facing challenges in generating operating profits relative to its asset investments. This could be attributed to various factors, such as declining revenues, increasing operating expenses, or inefficient asset utilization. It is important for the company to address these issues to improve its operational efficiency and profitability in the future.

Overall, the trend of decreasing operating ROA over the quarters highlights the need for Inari Medical Inc to closely evaluate its operational performance and implement strategies to enhance its profitability and efficiency in utilizing its assets.