Inari Medical Inc (NARI)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,636 | -29,267 | 9,840 | 13,789 |
| Total assets | US$ in thousands | 674,235 | 504,152 | 311,542 | 214,092 |
| ROA | -0.24% | -5.81% | 3.16% | 6.44% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-1,636K ÷ $674,235K
= -0.24%
Inari Medical Inc's return on assets (ROA) has shown a fluctuating trend over the past four years. In 2020, the company had a healthy ROA of 6.44%, indicating that it generated a profit of 6.44 cents for every dollar of assets. However, in the following years, the ROA experienced a decline. In 2021, the ROA decreased to 3.16%, and by 2022, it had dropped significantly to -5.81%, indicating a loss of 5.81 cents for every dollar of assets.
The most recent data shows a negative ROA of -0.24% in 2023, indicating a further decrease in profitability relative to its assets. This negative ROA suggests that Inari Medical Inc is not efficiently utilizing its assets to generate profit, which may raise concerns about the company's operational efficiency and financial health. It is important for the company to assess and address the factors contributing to this decline in ROA to improve its financial performance and efficiency in leveraging its assets.
Peer comparison
Dec 31, 2023