Medtronic PLC (MDT)
Operating return on assets (Operating ROA)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 26, 2024 | Jan 31, 2024 | Jan 26, 2024 | Oct 31, 2023 | Oct 27, 2023 | Jul 31, 2023 | Jul 28, 2023 | Apr 30, 2023 | Apr 28, 2023 | Jan 31, 2023 | Jan 27, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 6,046,000 | 5,453,000 | 5,341,000 | 5,546,000 | 5,359,000 | 5,646,000 | 5,431,000 | 5,216,000 | 5,441,000 | 5,666,000 | 5,790,000 | 5,914,000 | 5,753,000 | 5,592,000 | 5,271,000 | 5,004,000 | 5,311,000 | 5,578,000 | 6,166,000 | 6,700,000 |
| Total assets | US$ in thousands | 89,973,000 | 90,042,000 | 89,749,000 | 89,981,000 | 89,981,000 | 90,836,000 | 90,836,000 | 90,087,000 | 90,087,000 | 90,776,000 | 90,776,000 | 90,948,000 | 90,948,000 | 94,134,000 | 94,134,000 | 93,241,000 | 93,241,000 | 89,914,000 | 89,914,000 | 90,981,000 |
| Operating ROA | 6.72% | 6.06% | 5.95% | 6.16% | 5.96% | 6.22% | 5.98% | 5.79% | 6.04% | 6.24% | 6.38% | 6.50% | 6.33% | 5.94% | 5.60% | 5.37% | 5.70% | 6.20% | 6.86% | 7.36% |
January 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $6,046,000K ÷ $89,973,000K
= 6.72%
Operating return on assets (Operating ROA) measures how efficiently a company generates operating profit from its assets. Looking at the data provided for Medtronic PLC, we can observe fluctuations in the operating ROA over time. The trend shows a general decrease from 7.36% in April 2022 to 6.72% in January 2025, indicating a slight decline in the company's ability to generate operating profit from its assets.
Despite some fluctuations, the operating ROA for Medtronic PLC has largely remained within a range between 5.37% and 7.36% over the period covered by the data. This suggests that the company has been able to maintain a relatively stable level of efficiency in utilizing its assets to generate operating income.
It is important for Medtronic PLC to closely monitor its operating ROA trends to ensure that it is effectively managing its assets to maximize profitability. Any significant deviations from the historical range should be carefully analyzed to identify potential operational inefficiencies or changes in the business environment that may be impacting the company's performance.
Peer comparison
Jan 31, 2025