Inari Medical Inc (NARI)

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
Net income (ttm)	US$ in thousands	-1,636	-2,769	-16,084	-28,356	-29,267	-22,362	-15,013	-758	9,840	15,718	25,018	17,146
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
ROA		-0.24%	-0.50%	-3.06%	-5.60%	-5.81%	-4.58%	-3.10%	-0.16%	3.16%	5.38%	9.87%	7.31%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-1,636K ÷ $674,235K
= -0.24%

The return on assets (ROA) for Inari Medical Inc has exhibited a fluctuating trend over the past several quarters. In Q4 2023, the company's ROA was -0.24%, an improvement compared to the previous quarter's ROA of -0.50%. However, the ROA remains negative, indicating that the company's profitability in relation to its total assets is still suboptimal.

Looking further back, there was a significant decline in ROA from Q1 2023 to Q2 2023, with the ROA decreasing from -5.60% to -3.06%. This suggests a period of decreased efficiency in generating profits from the company's assets. Additionally, the trend continues to show negative ROA figures for the previous quarters, indicating ongoing challenges in utilizing assets effectively to generate earnings.

It is important for Inari Medical Inc to focus on improving its ROA by enhancing operational efficiency, maximizing asset utilization, and potentially exploring strategies to boost profitability. Monitoring and analyzing ROA trends will be crucial for assessing the company's financial performance and making informed decisions for sustainable growth.