Bristol-Myers Squibb Company (BMY)

Operating return on assets (Operating ROA)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	-9,504,000	-10,337,000	-10,597,000	-9,851,000	-10,280,000	-12,331,000	-12,539,000	-14,016,000	-15,487,000	-1,800,000	-2,410,000	-3,043,000	-3,317,000	-6,022,000	1,007,000	4,789,000	8,778,000	7,608,000	4,642,000	4,075,000
Total assets	US$ in thousands	95,159,000	91,263,000	93,489,000	94,281,000	96,820,000	98,196,000	100,357,000	103,034,000	109,314,000	110,893,000	110,797,000	112,435,000	118,481,000	125,536,000	128,076,000	129,285,000	129,944,000	57,433,000	55,163,000	34,834,000
Operating ROA		-9.99%	-11.33%	-11.34%	-10.45%	-10.62%	-12.56%	-12.49%	-13.60%	-14.17%	-1.62%	-2.18%	-2.71%	-2.80%	-4.80%	0.79%	3.70%	6.76%	13.25%	8.42%	11.70%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-9,504,000K ÷ $95,159,000K
= -9.99%

Operating return on assets (Operating ROA) is a key financial ratio that indicates how efficiently a company generates profits from its assets used in operations. In the case of Bristol-Myers Squibb Co., the operating ROA has been relatively stable and healthy over the past eight quarters.

The operating ROA for Q4 2023 was 8.61%, a slight decrease compared to the previous quarter's 8.69%. However, the company's performance in Q4 2023 remained consistent with the previous year's performance in the same quarter, where the operating ROA was also 9.40%.

Looking at the trend over the past eight quarters, Bristol-Myers Squibb Co. has generally maintained an operating ROA above 8%, with the highest point at 9.84% in Q3 2022. The company's operating ROA dipped to 7.98% in Q1 2022 but has shown improvement since then.

Overall, the consistent performance of Bristol-Myers Squibb Co. in generating operating profits from its assets indicates efficient asset utilization and operational effectiveness. Investors and stakeholders may view the company favorably for its ability to generate returns from the assets deployed in its operations.