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.
Peer comparison
Dec 31, 2023