ICU Medical Inc (ICUI)

Return on assets (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
Net income (ttm)	US$ in thousands	-29,655	-28,044	-48,490	-46,030	-74,286	-38,825	5,464	41,336	103,135	109,352	103,257	93,767	86,870	81,369	82,946	86,871	101,035	73,039	46,695	54,916
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
ROA		-0.68%	-0.64%	-1.09%	-1.03%	-1.65%	-0.87%	0.12%	0.87%	5.48%	5.95%	5.73%	5.31%	4.93%	4.70%	4.46%	4.78%	5.97%	4.46%	2.88%	3.40%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-29,655K ÷ $4,378,440K
= -0.68%

The return on assets (ROA) for ICU Medical, Inc. has been fluctuating over the past eight quarters. In the most recent quarter, Q4 2023, the ROA was -0.68%, which indicates that the company generated a negative return on its assets during that period. This represents a slight improvement compared to the previous quarter's ROA of -0.64%. However, the ROA has been negative for the past six quarters, suggesting that the company has been struggling to effectively generate profits from its assets.

It is important for investors and stakeholders to monitor the company's ROA closely as it provides insights into the efficiency of management in utilizing the company's assets to generate profits. The negative trend in ROA over the past several quarters may indicate potential operational inefficiencies or challenges that ICU Medical, Inc. is facing in generating profits from its assets. Further analysis and investigation into the company's operations and financial performance are warranted to fully understand the factors contributing to the negative ROA trend.