Medtronic PLC (MDT)
Operating return on assets (Operating ROA)
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,144,000 | 5,656,000 | 5,565,000 | 5,629,000 | 5,486,000 | 5,592,000 | 5,859,000 | 6,018,000 | 5,752,000 | 5,686,000 | 5,304,000 | 4,671,000 | 4,485,000 | 3,196,000 | 3,558,000 | 3,979,000 | 4,791,000 | 6,421,000 | 6,324,000 | 6,517,000 |
| Total assets | US$ in thousands | 89,981,000 | 90,836,000 | 90,087,000 | 90,776,000 | 90,948,000 | 94,134,000 | 93,241,000 | 89,914,000 | 90,981,000 | 91,804,000 | 91,756,000 | 91,802,000 | 93,083,000 | 97,270,000 | 95,886,000 | 93,906,000 | 90,689,000 | 92,822,000 | 91,053,000 | 91,268,000 |
| Operating ROA | 5.72% | 6.23% | 6.18% | 6.20% | 6.03% | 5.94% | 6.28% | 6.69% | 6.32% | 6.19% | 5.78% | 5.09% | 4.82% | 3.29% | 3.71% | 4.24% | 5.28% | 6.92% | 6.95% | 7.14% |
April 26, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $5,144,000K ÷ $89,981,000K
= 5.72%
Operating return on assets (operating ROA) measures a company's ability to generate earnings from its operational assets. For Medtronic PLC, the operating ROA has shown fluctuation over the past few quarters. The trend indicates that the company's efficiency in utilizing its assets to generate operating profits has varied.
The operating ROA ranged from 3.29% to 7.14% over the last 20 quarters. The highest operating ROA of 7.14% was recorded in the third quarter of the fiscal year 2019, while the lowest was 3.29% in the first quarter of the fiscal year 2021.
Overall, Medtronic PLC has shown a relatively stable performance in terms of operating ROA, with the ratio staying above 5% for most quarters. However, investors should closely monitor the trend to assess the company's operational efficiency and profitability.
Peer comparison
Apr 26, 2024