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.
Peer comparison
Dec 31, 2023