Intuitive Surgical Inc (ISRG)

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	1,798,000	1,516,700	1,425,000	1,312,000	1,322,300	1,378,000	1,434,500	1,643,900	1,704,600	1,689,200	1,622,600	1,173,400	1,060,600	1,053,100	1,136,000	1,386,300	1,379,300	1,314,100	1,209,800	1,146,800
Total assets	US$ in thousands	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	9,733,200	9,131,300	8,531,600	8,234,900
ROA		11.64%	10.31%	10.25%	10.05%	10.19%	10.39%	10.47%	12.02%	12.58%	13.06%	13.20%	10.17%	9.50%	9.92%	11.24%	14.02%	14.17%	14.39%	14.18%	13.93%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,798,000K ÷ $15,441,500K
= 11.64%

Intuitive Surgical Inc's Return on Assets (ROA) has shown some fluctuations over the past eight quarters. It ranged from a low of 10.05% in Q1 2023 to a high of 12.02% in Q1 2022, with an average of approximately 10.71% over this period. The company's ROA has generally been above 10%, indicating that it has been effectively utilizing its assets to generate profits. A higher ROA suggests that the company is more efficient in using its assets to generate earnings. The downward trend from Q1 2022 to Q1 2023 could be a point of concern, as it may indicate a decrease in asset efficiency or profitability during that period. Further analysis of the company's financial performance and operational strategies may be needed to understand the factors contributing to these fluctuations in ROA.