Penumbra Inc (PEN)

Operating return on assets (Operating ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Operating income US$ in thousands 9,279 73,551 -18,239 -7,501 -38,942
Total assets US$ in thousands 1,533,180 1,556,300 1,370,890 1,244,250 822,983
Operating ROA 0.61% 4.73% -1.33% -0.60% -4.73%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $9,279K ÷ $1,533,180K
= 0.61%

Penumbra Inc's operating return on assets (operating ROA) has exhibited fluctuations over the years. In December 2020, the operating ROA stood at -4.73%, indicating that the company generated a negative return on its assets from its core operations. This negative figure suggests that the company may have had challenges in efficiently utilizing its assets to generate profits.

By December 2021, the operating ROA improved to -0.60%, although it remained negative, indicating that the company's operational efficiency had slightly improved but still fell short of generating positive returns from its assets.

In December 2022, the operating ROA further improved to -1.33%, indicating that the company continued to enhance its operational efficiency, but it still failed to generate positive returns on its assets.

However, by December 2023, Penumbra Inc saw a significant turnaround in its operating ROA, reaching 4.73%. This positive figure indicates that the company was able to generate a reasonable return on its assets from its core operations, suggesting improved operational efficiency and profitability.

In the most recent data available, December 2024, the operating ROA decreased to 0.61%, but it remained positive, indicating that the company continued to generate a return on its assets from its operating activities, albeit at a slightly lower rate compared to the previous year.

Overall, the trend in Penumbra Inc's operating ROA shows volatility and improvement over the years, with a notable positive turnaround by December 2023. Continued monitoring of the operating ROA will be essential to assess the company's ability to effectively utilize its assets for profitability in the future.