TransMedics Group Inc (TMDX)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-25,028	-36,231	-44,215	-28,748	-33,547
Total assets	US$ in thousands	706,047	277,147	134,893	152,026	105,299
ROA		-3.54%	-13.07%	-32.78%	-18.91%	-31.86%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-25,028K ÷ $706,047K
= -3.54%

TransMedics Group Inc's return on assets (ROA) has shown a mixed performance over the past five years. The ROA was -3.54% in 2023, indicating that the company generated a negative return on its assets during that year. This was an improvement compared to the previous year, when the ROA was -13.07%.

However, looking further back, the trend is concerning as the ROA was -32.78% in 2021, -18.91% in 2020, and -31.86% in 2019. These consistently negative ROA figures suggest that TransMedics Group Inc has been struggling to generate profits relative to its asset base over the past five years.

Overall, the declining trend in ROA over the past five years indicates inefficiency in utilizing its assets to generate profits. This may raise concerns about the company's operational performance and financial health. Further analysis of the company's operations and strategies may be needed to address the underlying issues affecting its ROA.