Masimo Corporation (MASI)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	136,500	210,000	275,800	255,800	221,216
Total assets	US$ in thousands	3,041,500	3,210,600	1,887,000	1,712,550	1,396,130
Operating ROA		4.49%	6.54%	14.62%	14.94%	15.84%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $136,500K ÷ $3,041,500K
= 4.49%

Masimo Corporation's operating return on assets (operating ROA) has shown a declining trend over the past five years, from 15.84% in 2019 to 4.49% in 2023. This indicates that the company's ability to generate operating income from its assets has weakened over the period. The decreasing operating ROA may suggest inefficiencies in utilizing assets to generate operating profits. It is important for Masimo Corporation to analyze the factors contributing to this trend and implement strategies to improve asset efficiency and profitability in order to enhance overall financial performance.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating ROA

Masimo Corporation

MASI

4.49%

BioLife Solutions Inc