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


See also:

Medtronic PLC Return on Assets (ROA) (Quarterly Data)