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.
Peer comparison
Dec 31, 2023