STAAR Surgical Company (STAA)
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 | 21,347 | 19,444 | 24,889 | 31,863 | 38,755 | 37,824 | 33,582 | 29,111 | 24,501 | 22,906 | 20,778 | 11,039 | 5,913 | 8,965 | 7,461 | 12,547 | 14,048 | 8,765 | 7,836 | 5,752 |
| 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 |
| ROA | 4.37% | 4.12% | 5.65% | 7.61% | 9.25% | 9.58% | 8.93% | 8.29% | 7.09% | 7.06% | 7.06% | 4.15% | 2.30% | 3.82% | 3.42% | 6.07% | 6.77% | 4.55% | 4.21% | 3.25% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $21,347K ÷ $488,692K
= 4.37%
The return on assets (ROA) for STAAR Surgical Company has fluctuated over the past several quarters. ROA is a key profitability ratio that measures the company's ability to generate earnings from its assets.
In the latest quarter, as of December 31, 2023, STAAR Surgical Company had a ROA of 4.37%. This indicates that the company generated a profit of 4.37 cents for every dollar of assets it owns. The decrease from the previous quarter's ROA of 4.12% raises some concerns about the company's efficiency in utilizing its assets to generate profits.
Looking at the historical trend, the ROA has shown some variability over the period under consideration. The highest ROA in recent quarters was 9.58% in September 2022, indicating a strong performance in asset utilization and profitability. Conversely, the lowest ROA of 2.30% in September 2020 suggests a period of underperformance in terms of generating earnings from assets.
Overall, STAAR Surgical Company's ROA has shown some inconsistency, indicating the need for a closer examination of the company's asset management strategies and operational efficiency to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2023