STAAR Surgical Company (STAA)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 21,347 | 39,665 | 24,501 | 5,913 | 14,048 |
| Total assets | US$ in thousands | 488,692 | 418,818 | 345,778 | 257,416 | 207,523 |
| ROA | 4.37% | 9.47% | 7.09% | 2.30% | 6.77% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $21,347K ÷ $488,692K
= 4.37%
STAAR Surgical Company's return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA was 4.37%, a decline from the previous year's 9.47%. Despite this decrease, the 2023 ROA remains positive, indicating that the company generated a profit from its assets.
Looking at the trend over the five-year period, the ROA peaked in 2022 at 9.47% before declining in 2023. In general, a higher ROA indicates that the company is more efficient at generating profits relative to its assets. The variability in ROA over the years suggests that the company's profitability and asset utilization have been inconsistent.
It is essential for STAAR Surgical Company to analyze the factors influencing these fluctuations in ROA to make strategic decisions that can improve profitability and asset efficiency in the future. By understanding the underlying reasons behind these changes, the company can implement measures to optimize its asset utilization and enhance overall financial performance.
Peer comparison
Dec 31, 2023