Boston Scientific Corp (BSX)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,853,000	1,593,000	698,000	1,041,000	-140,000
Total assets	US$ in thousands	39,395,000	35,136,000	32,470,000	32,230,000	30,778,000
ROA		4.70%	4.53%	2.15%	3.23%	-0.45%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $1,853,000K ÷ $39,395,000K
= 4.70%

Boston Scientific Corp's return on assets (ROA) has shown a positive trend over the past five years. The company's ROA was -0.45% as of December 31, 2020, indicating a negative return on assets. However, there has been a significant improvement in the subsequent years, with ROA increasing to 3.23% as of December 31, 2021, and further to 2.15% as of December 31, 2022.

The most notable improvement in ROA occurred in 2023, where Boston Scientific Corp achieved a ROA of 4.53%, representing a substantial increase from the previous year. This positive trend continued into 2024, with a further increase in ROA to 4.70%, demonstrating the company's efficient utilization of its assets to generate profits.

Overall, the increasing trend in ROA indicates that Boston Scientific Corp has been effectively managing its assets to generate profits over the years, reflecting positively on the company's operational efficiency and financial performance. Investors and stakeholders may view this trend as a positive indicator of the company's profitability and asset utilization.