Intuitive Surgical Inc (ISRG)

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	2,348,900	2,064,200	1,952,700	1,848,600	1,766,800	1,689,100	1,622,200	1,556,600	1,577,100	1,655,000	1,698,700	1,812,300	1,821,000	1,786,400	1,614,200	1,183,600	1,049,800	1,031,600	1,126,900	1,405,300
Total assets	US$ in thousands	18,743,200	17,743,400	16,649,900	15,828,000	15,441,500	14,712,700	13,903,300	13,053,200	12,974,000	13,260,800	13,705,200	13,678,400	13,555,000	12,934,600	12,297,000	11,540,400	11,168,900	10,617,500	10,103,600	9,891,100
Operating ROA		12.53%	11.63%	11.73%	11.68%	11.44%	11.48%	11.67%	11.93%	12.16%	12.48%	12.39%	13.25%	13.43%	13.81%	13.13%	10.26%	9.40%	9.72%	11.15%	14.21%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,348,900K ÷ $18,743,200K
= 12.53%

The operating return on assets (ROA) of Intuitive Surgical Inc has shown fluctuating trends over the past few years. Starting at 14.21% in March 31, 2020, the operating ROA decreased gradually to 9.40% by December 31, 2020, before rebounding to 13.81% by September 30, 2021. Over the following quarters, there were fluctuations, with the operating ROA ranging from 9.72% to 13.43%.

In the most recent period, December 31, 2024, the operating ROA improved to 12.53%, indicating an increase in operational efficiency and profitability relative to the prior periods. Despite some fluctuations, the company has generally maintained a relatively stable operating ROA above 10%, demonstrating its ability to generate profits from its operations relative to its asset base.

Overall, the operating ROA trend of Intuitive Surgical Inc suggests a company that is effectively utilizing its assets to generate operational profits, although periodic fluctuations should be monitored for potential impacts on long-term financial performance.