TransMedics Group Inc (TMDX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 32,638 | 3,000 | -10,195 | -25,028 | -35,779 | -17,783 | -28,305 | -36,231 | -42,179 | -47,715 | -46,860 | -44,215 | -37,858 | -29,984 | -27,813 | -28,748 | -31,614 | -34,806 | -35,504 | -33,547 |
| 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 |
| ROA | 4.15% | 0.40% | -1.41% | -3.54% | -5.19% | -2.58% | -9.86% | -13.07% | -15.34% | -40.68% | -37.79% | -32.78% | -28.87% | -21.34% | -19.08% | -18.91% | -19.84% | -21.34% | -36.63% | -31.86% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $32,638K ÷ $785,571K
= 4.15%
TransMedics Group Inc's return on assets (ROA) has fluctuated over the past several quarters, ranging from -40.68% to 4.15%. The ROA turned negative and reached its lowest point of -40.68% in the third quarter of 2022 before gradually improving in subsequent quarters.
The negative ROA figures indicate that the company's assets have not been effectively utilized to generate profits during those periods. However, the positive ROA of 4.15% in the most recent quarter suggests that TransMedics Group Inc has been more efficient in generating profit relative to its assets.
Overall, the trend in ROA indicates that TransMedics Group Inc may have had challenges in optimizing its asset efficiency in the past but has shown some improvement in the most recent quarter. Further analysis and monitoring of the company's asset management practices are recommended to ensure sustained profitability.
Peer comparison
Sep 30, 2024