Medtronic PLC (MDT)

Return on assets (ROA)

		Apr 30, 2024	Apr 26, 2024	Apr 30, 2023	Apr 28, 2023	Apr 30, 2022
Net income	US$ in thousands	3,676,000	3,676,000	3,758,000	3,758,000	5,039,000
Total assets	US$ in thousands	89,981,000	89,981,000	90,948,000	90,948,000	90,981,000
ROA		4.09%	4.09%	4.13%	4.13%	5.54%

April 30, 2024 calculation

ROA = Net income ÷ Total assets
= $3,676,000K ÷ $89,981,000K
= 4.09%

To analyze Medtronic PLC's return on assets (ROA) over the past few years, we observe a trend of declining ROA figures. Specifically, Medtronic PLC's ROA decreased from 5.54% as of April 30, 2022, to 4.09% as of April 30, 2024. This decline in ROA indicates that the company's ability to generate profits from its assets has weakened over the period under review. It is important for stakeholders to assess the factors contributing to this decline in ROA and evaluate the company's operational efficiency and asset utilization to identify potential areas for improvement.