ICU Medical Inc (ICUI)

Operating return on assets (Operating ROA)

		Dec 31, 2024	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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Operating income (ttm)	US$ in thousands	57,384	468	15,085	10,153	25,827	-4,347	-17,050	-19,858	-46,549	26,675	54,905	89,423	123,245	126,439	113,589	98,675	98,162	88,966	96,335	103,045
Total assets	US$ in thousands	4,203,930	4,305,040	4,286,670	4,288,400	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
Operating ROA		1.37%	0.01%	0.35%	0.24%	0.59%	-0.10%	-0.38%	-0.44%	-1.03%	0.60%	1.20%	1.88%	6.55%	6.87%	6.30%	5.59%	5.57%	5.14%	5.18%	5.67%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $57,384K ÷ $4,203,930K
= 1.37%

Operating return on assets (Operating ROA) is a key financial ratio that indicates the company's efficiency in generating profits from its operations relative to its total assets.

For ICU Medical Inc, the Operating ROA fluctuated over time. From March 31, 2020, to December 31, 2021, the Operating ROA remained relatively stable, ranging from 5.14% to 6.87%, showing the company's ability to generate profits efficiently from its asset base.

However, from March 31, 2022, to September 30, 2024, the Operating ROA experienced a decline, dropping into negative territory in some quarters. This indicates a decrease in the company's ability to generate profits from its assets, possibly due to factors such as declining revenue, increasing operating expenses, or inefficient asset utilization.

The uptick in the Operating ROA to 1.37% by December 31, 2024, signals a potential improvement in the company's profitability from its assets compared to the previous quarters. However, it is essential for investors and stakeholders to monitor ICU Medical Inc's financial performance closely to assess the sustainability of this recovery in operating profitability.