ICU Medical Inc (ICUI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -117,688 | -29,655 | -74,286 | 103,135 | 86,870 |
| Total assets | US$ in thousands | 4,203,930 | 4,378,440 | 4,515,640 | 1,880,740 | 1,763,690 |
| ROA | -2.80% | -0.68% | -1.65% | 5.48% | 4.93% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-117,688K ÷ $4,203,930K
= -2.80%
Based on the data provided, ICU Medical Inc's return on assets (ROA) has shown some fluctuations over the past five years. The ROA was 4.93% as of December 31, 2020, which increased to 5.48% by December 31, 2021. However, the ROA decreased significantly to -1.65% by December 31, 2022, indicating a negative return on assets.
The trend continues with a further decline in ROA to -0.68% by December 31, 2023, and a more substantial decrease to -2.80% by December 31, 2024. These negative ROA figures suggest that the company's assets were not generating sufficient returns to cover its operating expenses and other costs.
It is essential for ICU Medical Inc to closely examine the reasons behind the declining ROA and take strategic actions to improve asset utilization and profitability in order to enhance overall financial performance and shareholder value.
Peer comparison
Dec 31, 2024