IDEXX Laboratories Inc (IDXX)

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	1,130,058	1,113,674	1,085,065	1,115,687	1,097,128	1,078,353	1,047,898	930,820	898,765	871,429	852,563	932,750	932,028	917,932	863,826	797,821	694,524	625,060	593,006	564,033
Total assets	US$ in thousands	3,293,440	3,350,770	3,414,870	3,353,520	3,259,920	3,086,400	2,870,810	2,808,400	2,746,760	2,640,070	2,607,180	2,592,690	2,437,200	2,385,740	2,412,150	2,327,380	2,294,560	2,047,410	1,960,710	1,886,240
Operating ROA		34.31%	33.24%	31.77%	33.27%	33.66%	34.94%	36.50%	33.14%	32.72%	33.01%	32.70%	35.98%	38.24%	38.48%	35.81%	34.28%	30.27%	30.53%	30.24%	29.90%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,130,058K ÷ $3,293,440K
= 34.31%

IDEXX Laboratories Inc has shown consistent performance in terms of Operating Return on Assets (Operating ROA) over the analyzed periods from March 31, 2020, to December 31, 2024. The company's Operating ROA fluctuated within a range, indicating varying efficiency in generating operating profits from its assets.

The trend of IDEXX's Operating ROA demonstrates an initial increase from 29.90% in March 2020 to a peak of 38.48% in September 2021. This growth trend suggests improved operational efficiency and profitability during this period. Subsequently, there was a slight decline in Operating ROA to 32.70% in June 2022 before it increased again to 36.50% in June 2023.

However, IDEXX experienced a decline in Operating ROA in the latter part of the analyzed period, with a decrease to 31.77% in June 2024, followed by a subsequent increase to 34.31% in December 2024. Overall, IDEXX Laboratories Inc has maintained a relatively strong level of Operating ROA, indicating the company's ability to effectively utilize its assets to generate operating profits.

It is essential for stakeholders to closely monitor IDEXX's Operating ROA in conjunction with other financial metrics to assess the company's operational efficiency and performance in generating profits relative to its asset base.