Penumbra Inc (PEN)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	90,954	-2,002	5,284	-15,702	48,458
Total assets	US$ in thousands	1,556,300	1,370,890	1,244,250	822,983	665,901
ROA		5.84%	-0.15%	0.42%	-1.91%	7.28%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $90,954K ÷ $1,556,300K
= 5.84%

The return on assets (ROA) of Penumbra Inc has varied significantly over the past five years. In 2023, the ROA improved to 5.84%, indicating that the company generated a profit of 5.84 cents for every dollar of assets. This is a positive sign, showing improved efficiency in asset utilization compared to previous years.

In 2022, the ROA was negative at -0.15%, suggesting that the company incurred a loss relative to its assets. However, in 2021, the ROA improved to 0.42%, indicating a modest return on assets.

The company had a significantly negative ROA in 2020 at -1.91%, indicating poor performance in utilizing its assets to generate profits. In contrast, in 2019, the ROA was relatively high at 7.28%, reflecting strong profitability relative to the assets held by the company.

Overall, Penumbra Inc's return on assets has been volatile, with a mix of positive and negative performances in recent years. The improvement in ROA in 2023 is a positive trend that may indicate enhanced operational efficiency and effectiveness in generating returns from its asset base.