Penumbra Inc (PEN)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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	Mar 31, 2020
Net income (ttm)	US$ in thousands	14,012	34,547	14,234	93,394	90,954	40,613	29,128	6,481	-2,002	-30,512	-19,391	-6,473	5,284	33,565	15,900	-5,291	-15,702	-9,661	10,637	39,185
Total assets	US$ in thousands	1,533,180	1,479,120	1,534,560	1,579,840	1,556,300	1,468,380	1,432,530	1,395,300	1,370,890	1,321,600	1,327,900	1,301,570	1,244,250	973,241	910,218	840,824	822,983	810,303	780,200	664,240
ROA		0.91%	2.34%	0.93%	5.91%	5.84%	2.77%	2.03%	0.46%	-0.15%	-2.31%	-1.46%	-0.50%	0.42%	3.45%	1.75%	-0.63%	-1.91%	-1.19%	1.36%	5.90%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $14,012K ÷ $1,533,180K
= 0.91%

Penumbra Inc's return on assets (ROA) has fluctuated over the past few years, ranging from negative percentages to positive percentages. The ROA was negative in the quarters ending September 30, 2020, December 31, 2020, March 31, 2021, June 30, 2022, September 30, 2022, and December 31, 2022, indicating that the company was not effectively utilizing its assets to generate profits during those periods.

However, there was a noticeable improvement in ROA starting from the quarter ending March 31, 2023, with the percentage turning positive and showing an upward trend through December 31, 2024. The ROA peaked at 5.91% in the quarter ending March 31, 2024, indicating that the company was able to generate a higher return relative to its assets during that period.

Overall, Penumbra Inc's ROA has shown variability but has demonstrated a positive trajectory in recent quarters, suggesting better asset utilization and potentially improving financial performance.