STAAR Surgical Company (STAA)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 28,097 | 43,802 | 33,339 | 6,769 | 11,852 |
| Total assets | US$ in thousands | 488,692 | 418,818 | 345,778 | 257,416 | 207,523 |
| Operating ROA | 5.75% | 10.46% | 9.64% | 2.63% | 5.71% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $28,097K ÷ $488,692K
= 5.75%
STAAR Surgical Company's operating return on assets (operating ROA) has shown fluctuations over the past five years. In 2023, the operating ROA decreased to 5.75% from 10.46% in 2022, indicating a decline in the company's operating efficiency in generating profit from its assets. Although the 2023 operating ROA is lower than in 2022, it is still above the 5-year average.
Comparing 2023 to 2021, the operating ROA decreased from 9.64% to 5.75%, suggesting a significant drop in operating performance. However, it is important to note that the 2023 operating ROA is higher than in 2020 when it was 2.63%. This improvement over the 2020 performance indicates a recovery in the company's ability to generate profits from its assets.
In comparison to 2019, the operating ROA in 2023 decreased slightly from 5.71% to 5.75%. This marginal decline suggests relative stability year-over-year in the company's operational efficiency in utilizing its assets to generate earnings.
Overall, while STAAR Surgical Company's operating ROA experienced fluctuations over the past five years, the 2023 performance indicates a moderate decline compared to the previous year but remains relatively stable compared to the 5-year historical average. Further analysis of the company's operating efficiency and asset management practices may be required to understand the factors influencing these changes in operating ROA.
Peer comparison
Dec 31, 2023