Boston Scientific Corp (BSX)
Return on assets (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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 1,591,000 | 1,282,000 | 966,000 | 956,000 | 752,000 | 653,000 | 884,000 | 810,000 | 1,041,000 | 884,000 | 310,000 | -23,000 | -353,000 | -514,000 | -233,000 | 68,000 | 481,000 | 614,000 | 920,000 | 1,321,000 |
Total assets | US$ in thousands | 35,136,000 | 34,043,000 | 33,601,000 | 32,892,000 | 32,469,000 | 31,947,000 | 32,189,000 | 32,337,000 | 32,229,000 | 31,877,000 | 31,168,000 | 30,900,000 | 30,777,000 | 30,845,000 | 30,823,000 | 30,113,000 | 30,565,000 | 26,756,000 | 24,309,000 | 23,802,000 |
ROA | 4.53% | 3.77% | 2.87% | 2.91% | 2.32% | 2.04% | 2.75% | 2.50% | 3.23% | 2.77% | 0.99% | -0.07% | -1.15% | -1.67% | -0.76% | 0.23% | 1.57% | 2.29% | 3.78% | 5.55% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,591,000K ÷ $35,136,000K
= 4.53%
Boston Scientific Corp.'s return on assets (ROA) has shown some variability over the past eight quarters, ranging from a low of 1.87% in Q3 2022 to a high of 4.47% in Q4 2023. On average, the company has achieved an ROA of 2.69% over this period. A rising trend in ROA from Q1 2022 to Q4 2023 indicates an improvement in the company's ability to generate profits from its assets. This suggests that Boston Scientific Corp. has been effectively utilizing its assets to generate earnings for its shareholders, reflecting positively on the company's operational efficiency and financial performance. However, it is important to continue monitoring changes in ROA to assess the sustainability of this performance in the long term.
Peer comparison
Dec 31, 2023
See also:
Boston Scientific Corp Return on Assets (ROA) (Quarterly Data)