Merit Medical Systems Inc (MMSI)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	120,357	94,411	74,516	48,454	-9,843
Total assets	US$ in thousands	2,418,600	2,325,240	1,663,970	1,648,290	1,664,400
ROA		4.98%	4.06%	4.48%	2.94%	-0.59%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $120,357K ÷ $2,418,600K
= 4.98%

Based on the provided data for Merit Medical Systems Inc's return on assets (ROA), the company's performance has shown fluctuations over the years. In December 31, 2020, the ROA was at a negative 0.59%, indicating that the company's assets were not generating positive returns during that period.

However, there has been a significant improvement in the ROA in the subsequent years. By December 31, 2021, the ROA increased to 2.94%, reflecting a positive shift in the company's asset efficiency. This improvement continued into December 31, 2022, with an even higher ROA of 4.48%, indicating that the company's assets became more productive in generating profits.

In the following years, Merit Medical Systems Inc maintained a relatively stable performance with an ROA of 4.06% in December 31, 2023, and a further increase to 4.98% by December 31, 2024. These figures suggest that the company has been effectively utilizing its assets to generate profits and create value for its stakeholders.

Overall, the trend in Merit Medical Systems Inc's ROA illustrates a positive trajectory, showing consistent improvement in asset utilization and profitability over the years, which is a favorable indicator of the company's operational efficiency and financial performance.