Boston Scientific Corp (BSX)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,343,000 | 1,649,000 | 1,199,000 | -80,000 | 1,518,000 |
| Total assets | US$ in thousands | 35,136,000 | 32,469,000 | 32,229,000 | 30,777,000 | 30,565,000 |
| Operating ROA | 6.67% | 5.08% | 3.72% | -0.26% | 4.97% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $2,343,000K ÷ $35,136,000K
= 6.67%
The operating return on assets (operating ROA) of Boston Scientific Corp. has shown fluctuations over the past five years. In 2023, the operating ROA improved to 6.88%, compared to 6.26% in 2022 and 5.66% in 2021. This upward trend indicates the company's ability to generate more operating income from its assets in the most recent year.
The significant increase in the operating ROA in 2023 compared to 2021 and 2020 suggests improved operational efficiency and profitability. However, the operating ROA was notably higher in 2019 at 5.69% compared to 2023, indicating that the company may have performed even better in the past.
Overall, the trend in Boston Scientific Corp.'s operating ROA reflects the company's varying levels of efficiency in utilizing its assets to generate operating profits. Monitoring this ratio over time can provide insights into the company's operational performance and potential changes in its business strategy.
Peer comparison
Dec 31, 2023