Medtronic PLC (MDT)
Operating return on assets (Operating ROA)
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,144,000 | 5,485,000 | 5,752,000 | 4,484,000 | 4,791,000 |
| Total assets | US$ in thousands | 89,981,000 | 90,948,000 | 90,981,000 | 93,083,000 | 90,689,000 |
| Operating ROA | 5.72% | 6.03% | 6.32% | 4.82% | 5.28% |
April 26, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $5,144,000K ÷ $89,981,000K
= 5.72%
The operating return on assets (operating ROA) for Medtronic PLC has shown some variability over the past five years. The trend indicates that the company has maintained a relatively consistent level of operational efficiency in generating profit from its assets.
In the most recent fiscal year ending April 26, 2024, the operating ROA was 5.72%, slightly lower than the previous year's figure of 6.03% recorded on April 28, 2023. Despite this slight decrease, the operating ROA remains within a relatively narrow range around the 6% mark over the past four years, indicating stable operational performance.
Comparing the latest operating ROA of 5.72% to historical data, it is lower than the peak of 6.32% on April 29, 2022, but higher than the low of 4.82% on April 30, 2021. This suggests that Medtronic PLC has been able to effectively generate profits from its assets, although there may have been fluctuations in performance over the years.
Overall, Medtronic PLC's operating ROA indicates that the company has been efficient in utilizing its assets to generate operating income, with a moderate level of consistency in performance over the past five years.
Peer comparison
Apr 26, 2024