Merit Medical Systems Inc (MMSI)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 155,693 | 152,741 | 150,617 | 133,483 | 123,944 | 120,749 | 104,269 | 98,713 | 87,563 | 79,042 | 76,316 | 61,955 | 60,916 | 55,027 | 39,160 | 11,270 | -1,562 | -20,978 | -23,923 | 7,273 |
| Total assets | US$ in thousands | 2,418,600 | 2,378,080 | 2,371,840 | 2,326,350 | 2,325,240 | 1,808,500 | 1,837,570 | 1,684,110 | 1,663,970 | 1,632,740 | 1,631,520 | 1,629,740 | 1,648,290 | 1,643,170 | 1,642,390 | 1,651,720 | 1,664,400 | 1,670,510 | 1,715,870 | 1,749,270 |
| Operating ROA | 6.44% | 6.42% | 6.35% | 5.74% | 5.33% | 6.68% | 5.67% | 5.86% | 5.26% | 4.84% | 4.68% | 3.80% | 3.70% | 3.35% | 2.38% | 0.68% | -0.09% | -1.26% | -1.39% | 0.42% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $155,693K ÷ $2,418,600K
= 6.44%
Operating return on assets (Operating ROA) is a financial ratio that measures a company's operating income generated relative to its total assets. It gives an indication of how efficiently a company is utilizing its assets to generate operating profits.
Analyzing the Operating ROA of Merit Medical Systems Inc over the period provided, we can observe fluctuations in performance. The ratio started at a low point in June 2020 and showed negative percentages, indicating operating losses relative to assets. However, from March 2021 onwards, there was a positive turnaround with steady improvements in the ratio. This upward trend suggests the company's ability to generate more operating income per dollar of assets employed.
The Operating ROA increased consistently until December 2024, reaching its peak at 6.44%. This improvement indicates that Merit Medical Systems Inc managed to enhance its operational efficiency and profitability over the period analyzed. Overall, the positive trend in Operating ROA signifies the company's effective management of its assets to generate operating profits, reflecting potential stability and growth in financial performance.
Peer comparison
Dec 31, 2024