Merit Medical Systems Inc (MMSI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 120,357 | 120,039 | 117,429 | 101,948 | 94,411 | 100,183 | 89,621 | 84,674 | 74,516 | 61,728 | 58,423 | 48,041 | 48,454 | 43,219 | 28,243 | 4,269 | -9,843 | -29,426 | -29,815 | -3,898 |
| 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 |
| ROA | 4.98% | 5.05% | 4.95% | 4.38% | 4.06% | 5.54% | 4.88% | 5.03% | 4.48% | 3.78% | 3.58% | 2.95% | 2.94% | 2.63% | 1.72% | 0.26% | -0.59% | -1.76% | -1.74% | -0.22% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $120,357K ÷ $2,418,600K
= 4.98%
Over the past few years, Merit Medical Systems Inc's return on assets (ROA) has shown significant fluctuations. From negative values in 2020, the ROA started to improve consistently from March 2021 onwards. The ROA increased steadily, reaching a peak of 5.54% in September 2023. However, there was a slight decline in the ROA by December 2023 and a further dip by March 2024. Despite these fluctuations, the ROA generally remained positive from March 2021 to December 2024, indicating that the company has been effectively utilizing its assets to generate profits. It is important for Merit Medical Systems Inc to continue monitoring and managing its asset efficiency to sustain and potentially improve its profitability.
Peer comparison
Dec 31, 2024