Merit Medical Systems Inc (MMSI)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	94,411	74,516	48,454	-9,843	5,451
Total assets	US$ in thousands	2,325,240	1,663,970	1,648,290	1,664,400	1,757,320
ROA		4.06%	4.48%	2.94%	-0.59%	0.31%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $94,411K ÷ $2,325,240K
= 4.06%

Based on the data provided, Merit Medical Systems, Inc.'s return on assets (ROA) has shown fluctuations over the past five years. In 2023, the ROA stood at 4.06%, decreasing from 4.48% in 2022. This decline indicates that the company's ability to generate profits from its assets may have slightly weakened. However, compared to the negative ROA of -0.59% in 2020, the current performance is relatively stronger.

The highest ROA in the given period was recorded in 2022 at 4.48%, suggesting that the company efficiently utilized its assets to generate profits during that year. On the other hand, the lowest ROA was observed in 2020 at -0.59%, indicating that the company faced challenges in generating profits relative to its asset base during that period.

Overall, Merit Medical Systems, Inc.'s ROA has generally been positive in the past five years, indicating that the company has been able to effectively generate returns from its asset base. However, investors and stakeholders should continue to monitor the company's ROA to ensure sustained profitability and efficient asset utilization in the future.