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.