TransMedics Group Inc (TMDX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 35,464 | -25,028 | -36,231 | -44,215 | -28,748 |
| Total assets | US$ in thousands | 804,076 | 706,047 | 277,147 | 134,893 | 152,026 |
| ROA | 4.41% | -3.54% | -13.07% | -32.78% | -18.91% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $35,464K ÷ $804,076K
= 4.41%
Based on the provided data, the return on assets (ROA) of TransMedics Group Inc has shown significant fluctuations over the past five years.
In December 31, 2020, the ROA was at a concerning -18.91%, indicating that the company was not efficiently utilizing its assets to generate profits. This negative trend worsened by December 31, 2021, with the ROA dropping to -32.78%, suggesting deteriorating financial performance.
However, there was a slight improvement in the company's asset utilization by December 31, 2022, as the ROA moved up to -13.07%. This indicates that the company was starting to generate slightly better returns on its assets but still remained in negative territory.
The positive trend continued in the following years, with the ROA improving to -3.54% by December 31, 2023, and finally turning positive at 4.41% by December 31, 2024. This positive ROA suggests that the company was able to generate profits more efficiently from its assets during that period.
Overall, the analysis highlights the volatility in TransMedics Group Inc's asset utilization efficiency over the past five years, with significant improvements seen in recent years as the company managed to turn a negative ROA into a positive one.
Peer comparison
Dec 31, 2024