ICU Medical Inc (ICUI)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -29,655 | -74,286 | 103,135 | 86,870 | 101,035 |
| Total assets | US$ in thousands | 4,378,440 | 4,515,640 | 1,880,740 | 1,763,690 | 1,692,380 |
| ROA | -0.68% | -1.65% | 5.48% | 4.93% | 5.97% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-29,655K ÷ $4,378,440K
= -0.68%
ICU Medical, Inc.'s return on assets (ROA) has shown a fluctuating trend over the past five years. The ROA decreased from 5.97% in 2019 to 4.93% in 2020, before experiencing a notable decline to 5.48% in 2021. Subsequently, the ROA decreased further to -1.65% in 2022 and to -0.68% in 2023.
The negative ROA values in 2022 and 2023 indicate that the company was generating a net loss when considering its assets. This could be concerning as it suggests that the company's assets were not effectively utilized to generate profits in those years.
Overall, ICU Medical, Inc.'s recent ROA performance raises questions about the company's efficiency in generating profits relative to its assets. Further analysis of the company's financials and operational performance is recommended to understand the factors contributing to the observed fluctuations in ROA.
Peer comparison
Dec 31, 2023