Medtronic PLC (MDT)

Return on assets (ROA)

		Apr 30, 2025	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Apr 26, 2024	Jan 31, 2024	Jan 26, 2024	Oct 31, 2023	Oct 27, 2023	Jul 31, 2023	Jul 28, 2023	Apr 30, 2023	Apr 28, 2023	Jan 31, 2023	Jan 27, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022
Net income (ttm)	US$ in thousands	4,663,000	4,260,000	3,620,000	3,672,000	3,952,000	4,207,000	4,462,000	3,931,000	3,400,000	3,670,000	3,940,000	4,371,000	4,802,000	4,050,000	3,298,000	3,005,000	2,712,000	3,770,000	4,828,000	5,379,000
Total assets	US$ in thousands	91,680,000	89,973,000	90,042,000	89,749,000	89,981,000	89,981,000	90,836,000	90,836,000	90,087,000	90,087,000	90,776,000	90,776,000	90,948,000	90,948,000	94,134,000	94,134,000	93,241,000	93,241,000	89,914,000	89,914,000
ROA		5.09%	4.73%	4.02%	4.09%	4.39%	4.68%	4.91%	4.33%	3.77%	4.07%	4.34%	4.82%	5.28%	4.45%	3.50%	3.19%	2.91%	4.04%	5.37%	5.98%

April 30, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $4,663,000K ÷ $91,680,000K
= 5.09%

Medtronic PLC's return on assets (ROA) has fluctuated over the past few quarters, ranging from 2.91% to 5.28%. The company's ROA was at its lowest in October 31, 2022, but showed an improvement in subsequent periods. Overall, Medtronic PLC's ROA has shown a moderate upward trend, indicating that the company is effectively utilizing its assets to generate profits. However, it is important to monitor future ROA trends to assess the company's ongoing operational efficiency and profitability.