Penumbra Inc (PEN)

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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	48,458	45,428	15,015	11,808
Total assets	US$ in thousands	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	480,750	840,824	822,983	810,303	780,200	664,240	665,901	614,170	585,109	568,789
ROA		5.84%	2.77%	2.03%	0.46%	-0.15%	-2.31%	-1.46%	-0.50%	0.42%	3.45%	3.31%	-0.63%	-1.91%	-1.19%	1.36%	5.90%	7.28%	7.40%	2.57%	2.08%

December 31, 2023 calculation

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

Penumbra Inc's return on assets (ROA) has shown fluctuating performance over the past eight quarters. In Q4 2023, the company's ROA improved to 5.84%, representing a significant increase from the previous quarter's 2.77%. This suggests that Penumbra Inc was able to generate higher profits relative to its total assets in the most recent quarter.

Looking further back, the trend indicates that Penumbra Inc has made significant progress in improving its ROA compared to the negative values recorded in Q4 2022 and Q3 2022. The company has steadily increased its ROA from negative figures to positive values in the recent quarters.

Overall, Penumbra Inc's improving ROA trend demonstrates the company's ability to efficiently utilize its assets to generate profits, indicating positive financial performance in recent quarters. However, it is important for the company to sustain this positive trend in the future to ensure continued profitability and efficiency in asset utilization.