Penumbra Inc (PEN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 14,012 | 90,954 | -2,002 | 2,623 | -19,257 |
| Total assets | US$ in thousands | 1,533,180 | 1,556,300 | 1,370,890 | 1,244,250 | 822,983 |
| ROA | 0.91% | 5.84% | -0.15% | 0.21% | -2.34% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $14,012K ÷ $1,533,180K
= 0.91%
Penumbra Inc's return on assets (ROA) has shown variability over the past five years. In 2020, the company had a negative ROA of -2.34%, indicating that the company generated a loss relative to its assets. However, by the end of 2021, Penumbra Inc was able to improve its ROA to 0.21%, signifying a return on assets that was slightly positive.
The following year, in 2022, the ROA decreased to -0.15%, indicating a slight decline in the company's ability to generate profit from its assets. Penumbra Inc's financial performance improved significantly in 2023, with an ROA of 5.84%, highlighting a substantial return on assets compared to the previous years.
In the most recent year of analysis, at the end of 2024, Penumbra Inc's ROA stands at 0.91%, showcasing a moderate return on assets. Overall, the trend in Penumbra Inc's ROA indicates some fluctuation in the company's profitability relative to its asset base, with notable improvements in certain years and moderate levels in others.
Peer comparison
Dec 31, 2024