Medtronic PLC (MDT)
Operating return on assets (Operating ROA)
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,144,000 | 5,144,000 | 5,485,000 | 5,485,000 | 5,752,000 |
| Total assets | US$ in thousands | 89,981,000 | 89,981,000 | 90,948,000 | 90,948,000 | 90,981,000 |
| Operating ROA | 5.72% | 5.72% | 6.03% | 6.03% | 6.32% |
April 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $5,144,000K ÷ $89,981,000K
= 5.72%
Medtronic PLC's operating return on assets (operating ROA) has shown a slightly decreasing trend over the analyzed period. In April 2022, the operating ROA was at 6.32%, which decreased to 6.03% in both April 2023 and April 30, 2023. Subsequently, the operating ROA declined further to 5.72% in both April 26, 2024, and April 30, 2024. This trend indicates that Medtronic PLC's ability to generate operating income from its assets has been gradually decreasing. Further analysis of the company's operational efficiency and asset management may be required to address this decrease in operating ROA.
Peer comparison
Apr 30, 2024