TransMedics Group Inc (TMDX)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | -29,603 |
| Total assets | US$ in thousands | 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 | 105,299 |
| Operating ROA | 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% | -28.11% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $31,455K ÷ $785,571K
= 4.00%
TransMedics Group Inc's operating return on assets (operating ROA) has shown fluctuations over the past quarters. The operating ROA for the most recent quarter was 4.00%, indicating that the company generated a 4.00% return on its operating assets during that period.
The operating ROA had been negative in the two preceding quarters, indicating that the company's operating earnings were insufficient to cover its operating assets. However, the latest quarter's positive operating ROA suggests an improvement in the company's operational performance.
Looking at the trend over the past few years, there has been a gradual improvement in operating ROA from the lowest point of -35.95% in the third quarter of 2022 to the current 4.00%. This suggests that the company may be becoming more efficient in generating earnings from its operating assets.
Overall, TransMedics Group Inc's operating ROA has shown variability but appears to be on an upward trend recently. This indicates a potential improvement in the company's operational efficiency and profitability.
Peer comparison
Sep 30, 2024