Masimo Corporation (MASI)

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	81,500	88,500	115,800	118,200	143,500	170,858	190,729	222,864	229,639	232,050	223,684	229,221	240,302	222,554	222,234	211,350	196,216	190,229	198,270	197,235
Total assets	US$ in thousands	3,041,500	2,995,900	3,011,200	3,115,500	3,210,600	3,056,400	2,961,100	1,908,800	1,887,000	1,766,780	1,681,690	1,597,810	1,712,550	1,713,140	1,635,630	1,474,540	1,396,130	1,314,210	1,229,850	1,179,380
ROA		2.68%	2.95%	3.85%	3.79%	4.47%	5.59%	6.44%	11.68%	12.17%	13.13%	13.30%	14.35%	14.03%	12.99%	13.59%	14.33%	14.05%	14.47%	16.12%	16.72%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $81,500K ÷ $3,041,500K
= 2.68%

Masimo Corporation's return on assets (ROA) has fluctuated over the past five years. The ROA has generally shown a decreasing trend from 16.72% in March 2019 to 2.68% in December 2023. There was a significant drop in ROA from March 2022 to March 2023, where it declined from 14.35% to 3.79%. Despite some fluctuations, Masimo Corporation's ROA has generally been above 10% in recent years, indicating the company's ability to generate profit from its assets. However, the decreasing trend in ROA may raise concerns about the company's efficiency in generating earnings from its asset base. Additional analysis is necessary to understand the factors driving the fluctuations in Masimo's ROA and to assess its long-term profitability and asset utilization.