STAAR Surgical Company (STAA)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 28,097 | 18,656 | 26,066 | 34,489 | 43,802 | 50,221 | 44,353 | 37,982 | 33,339 | 30,033 | 27,078 | 15,374 | 6,769 | 5,034 | 3,486 | 9,152 | 11,852 | 10,697 | 8,946 | 7,361 |
| Total assets | US$ in thousands | 488,692 | 471,521 | 440,651 | 418,905 | 418,818 | 394,676 | 376,025 | 351,177 | 345,778 | 324,605 | 294,438 | 265,806 | 257,416 | 234,698 | 218,039 | 206,788 | 207,523 | 192,741 | 185,962 | 177,219 |
| Operating ROA | 5.75% | 3.96% | 5.92% | 8.23% | 10.46% | 12.72% | 11.80% | 10.82% | 9.64% | 9.25% | 9.20% | 5.78% | 2.63% | 2.14% | 1.60% | 4.43% | 5.71% | 5.55% | 4.81% | 4.15% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $28,097K ÷ $488,692K
= 5.75%
The operating return on assets (ROA) for STAAR Surgical Company has shown some fluctuations over the past few quarters. The trend indicates that the company's ability to generate profits from its assets has varied.
Starting from December 2019 to September 2020, the operating ROA ranged between 4.15% to 5.71%, showing a relatively stable performance.
There was a noticeable increase in operating ROA from December 2020 to June 2022, with the ratio climbing to double digits, peaking at 12.72% in September 2022. This period reflects a strong operational efficiency and profitability as the company was able to generate higher returns relative to its asset base.
However, the trend reversed from December 2022 onwards, with a decline in operating ROA figures. The ratio dropped to 5.75% in December 2023, indicating a lower profitability per dollar of assets compared to the peak in September 2022.
Overall, STAAR Surgical Company's operating ROA has displayed some volatility, with periods of strong performance followed by declines. It would be advisable for stakeholders to further investigate the factors influencing these fluctuations to assess the company's operational efficiency and profitability sustainability.
Peer comparison
Dec 31, 2023