Boston Scientific Corp (BSX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,591,000 | 698,000 | 1,041,000 | -82,000 | 4,700,000 |
| Total assets | US$ in thousands | 35,136,000 | 32,469,000 | 32,229,000 | 30,777,000 | 30,565,000 |
| ROA | 4.53% | 2.15% | 3.23% | -0.27% | 15.38% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,591,000K ÷ $35,136,000K
= 4.53%
The return on assets (ROA) of Boston Scientific Corp. has varied over the past five years, ranging from -0.37% in 2020 to 15.37% in 2019. In 2023, the ROA improved significantly to 4.47%, a positive sign indicating the company's ability to generate profits from its assets.
The increase in ROA from 2022 to 2023 suggests that Boston Scientific Corp. has become more efficient in utilizing its assets to generate earnings. However, the ROA in 2023 is still below the 2019 level of 15.37%, indicating room for further improvement.
Overall, the upward trend in ROA from 2020 to 2023 is a positive indication of the company's improving operational efficiency and profitability through better asset utilization. Investors and stakeholders may view this as a favorable development in the company's financial performance.
Peer comparison
Dec 31, 2023