Boston Scientific Corp (BSX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,603,000 | 2,343,000 | 1,649,000 | 2,043,000 | 1,044,000 |
| Total assets | US$ in thousands | 39,395,000 | 35,136,000 | 32,470,000 | 32,230,000 | 30,778,000 |
| Operating ROA | 6.61% | 6.67% | 5.08% | 6.34% | 3.39% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $2,603,000K ÷ $39,395,000K
= 6.61%
The operating return on assets (Operating ROA) for Boston Scientific Corp has shown an increasing trend over the past five years, starting at 3.39% on December 31, 2020, and reaching 6.61% by December 31, 2024. This indicates that the company has been improving its ability to generate operating profits relative to its total assets.
The Operating ROA was at its lowest in 2020, but then demonstrated a steady increase in subsequent years, reaching its peak in 2024. This improvement suggests that Boston Scientific Corp has been effectively managing its assets to generate higher operating profits.
The Operating ROA of 6.61% in 2024 indicates that for every dollar of assets the company possesses, it is generating $0.0661 in operating income. This suggests that Boston Scientific Corp is utilizing its assets efficiently to produce operating profits.
Overall, the increasing trend in Operating ROA reflects positively on Boston Scientific Corp's operational efficiency and asset utilization, demonstrating the company's ability to grow its operating profits relative to its asset base over the analyzed period.
Peer comparison
Dec 31, 2024