ICU Medical Inc (ICUI)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	22,825	34,786	11,466	8,658	-42,898	-18,851	19,996	54,514	123,245	126,439	113,589	98,675	98,162	88,966	96,335	103,045	107,360	80,406	49,761	55,214
Total assets	US$ in thousands	4,378,440	4,376,860	4,463,040	4,470,630	4,515,640	4,450,480	4,590,000	4,746,730	1,880,740	1,839,350	1,802,840	1,765,230	1,763,690	1,729,540	1,859,060	1,816,980	1,692,380	1,637,780	1,622,920	1,613,270
Operating ROA		0.52%	0.79%	0.26%	0.19%	-0.95%	-0.42%	0.44%	1.15%	6.55%	6.87%	6.30%	5.59%	5.57%	5.14%	5.18%	5.67%	6.34%	4.91%	3.07%	3.42%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $22,825K ÷ $4,378,440K
= 0.52%

The operating return on assets (operating ROA) for ICU Medical, Inc. has varied over the quarters provided. In Q4 2023, the operating ROA was 1.09%, showing a slight decrease from the previous quarter (Q3 2023) where it was 1.41%. Prior to this, in Q2 2023, the operating ROA stood at 1.28%, indicating a moderate decline compared to the preceding quarter. In Q1 2023, there was a notable drop in the operating ROA to 0.55%.

The trend in operating ROA seems to fluctuate over the period under review, with some quarters showing positive performance and others exhibiting decreases or even negative returns. Comparing year-over-year data, Q4 2023 reflects an improvement from the same quarter in the previous year (Q4 2022) when the operating ROA was -0.08%. Similarly, there has been a positive change since Q1 2022, where the operating ROA had climbed to 2.18%.

In conclusion, although the operating ROA for ICU Medical, Inc. has experienced fluctuations, it is crucial to further analyze the reasons behind these changes to gain a deeper understanding of the company's operational efficiency and profitability.