TransMedics Group Inc (TMDX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 37,496 | 31,455 | -803 | -14,217 | -28,727 | -38,109 | -15,318 | -24,157 | -31,437 | -35,986 | -42,167 | -42,290 | -39,428 | -33,996 | -26,881 | -24,874 | -26,384 | -29,182 | -31,814 | -31,658 |
| Total assets | US$ in thousands | 804,076 | 785,571 | 758,577 | 723,831 | 706,047 | 689,227 | 690,358 | 287,088 | 277,147 | 274,873 | 117,285 | 124,008 | 134,893 | 131,146 | 140,512 | 145,783 | 152,026 | 159,322 | 163,137 | 96,923 |
| Operating ROA | 4.66% | 4.00% | -0.11% | -1.96% | -4.07% | -5.53% | -2.22% | -8.41% | -11.34% | -13.09% | -35.95% | -34.10% | -29.23% | -25.92% | -19.13% | -17.06% | -17.35% | -18.32% | -19.50% | -32.66% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $37,496K ÷ $804,076K
= 4.66%
TransMedics Group Inc's operating return on assets (operating ROA) experienced a declining trend from March 31, 2020, to June 30, 2022, with negative percentages ranging from -32.66% to -35.95%. This suggests that during this period, the company may have struggled to generate profits from its operating activities in relation to its asset base.
However, starting from September 30, 2022, there was a notable improvement in the operating ROA, with the percentage increasing to 4.00% by September 30, 2024, and further improving to 4.66% by December 31, 2024. This turnaround indicates that TransMedics Group Inc's operational efficiency and profitability improved during this time frame, potentially through better utilization of its assets or cost management.
Overall, the positive trend in operating ROA from September 30, 2022, to December 31, 2024, reflects a more favorable performance in terms of generating returns from its operating activities relative to its asset base, signaling potential operational improvements and enhanced financial health for the company.
Peer comparison
Dec 31, 2024