Embecta Corp (EMBC)

Return on assets (ROA)

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	78,300	69,700	70,200	55,300	70,400	-18,600	28,600	94,200	157,800
Total assets	US$ in thousands	1,285,300	1,267,500	1,199,600	1,217,800	1,214,400	1,252,100	1,210,000	1,196,900	1,086,400	1,049,800	833,500	739,900
ROA		6.09%	5.50%	5.85%	4.54%	5.80%	-1.49%	2.36%	7.87%	14.53%

September 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $78,300K ÷ $1,285,300K
= 6.09%

Embecta Corp's return on assets (ROA) has shown fluctuations over the past several quarters. As of September 30, 2024, the ROA stood at 6.09%, which indicates that the company generated a return of 6.09% on its total assets in that period. This marks an increase compared to the previous quarter's ROA of 5.50%.

Looking at the trend over the past year, the ROA has varied significantly, ranging from a low of -1.49% in June 2023 to a high of 14.53% in September 2022. The negative ROA in June 2023 suggests that the company experienced a period where its assets were not generating positive returns.

It is important for investors and stakeholders to analyze the components driving the changes in ROA. A higher ROA indicates that the company is more efficient in generating profits from its assets, while a lower ROA may raise concerns about the company's profitability and asset utilization.

In the case of Embecta Corp, the recent improvement in ROA from the previous quarter may indicate better asset management or increased profitability. Further analysis of the company's financial statements and business operations is required to gain a deeper understanding of the factors influencing the ROA trend.