Medtronic PLC (MDT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,676,000 | 4,201,000 | 4,101,000 | 3,619,000 | 3,757,000 | 4,063,000 | 4,321,000 | 5,205,000 | 5,039,000 | 4,914,000 | 4,704,000 | 3,882,000 | 3,606,000 | 2,892,000 | 3,537,000 | 4,412,000 | 4,789,000 | 5,315,000 | 4,669,000 | 4,420,000 |
| 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 |
| ROA | 4.09% | 4.62% | 4.55% | 3.99% | 4.13% | 4.32% | 4.63% | 5.79% | 5.54% | 5.35% | 5.13% | 4.23% | 3.87% | 2.97% | 3.69% | 4.70% | 5.28% | 5.73% | 5.13% | 4.84% |
April 26, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,676,000K ÷ $89,981,000K
= 4.09%
The return on assets (ROA) for Medtronic PLC has been relatively stable over the past few years, ranging from 2.97% to 5.79%. The trend shows some fluctuations but generally remains above 4%, indicating the company's ability to generate earnings from its assets. The higher ROA values in recent periods suggest improved efficiency in asset utilization and profitability. It would be beneficial to continue monitoring ROA to assess the company's ongoing financial performance and operational effectiveness.
Peer comparison
Apr 26, 2024
Company name
Symbol
ROA
Medtronic PLC
MDT
4.09%
BioLife Solutions Inc
BLFS
-16.10%
CONMED Corporation
CNMD
2.80%
LivaNova PLC
LIVN
0.72%
Masimo Corporation
MASI
2.68%
TransMedics Group Inc
TMDX
4.15%