Merit Medical Systems Inc (MMSI)

Return on assets (ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	5,451	18,844	38,861	42,943
Total assets	US$ in thousands	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	1,757,320	1,761,700	1,736,270	1,689,790
ROA		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%	0.31%	1.07%	2.24%	2.54%

December 31, 2023 calculation

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

The return on assets (ROA) for Merit Medical Systems, Inc. has shown a generally positive trend over the past eight quarters, ranging from 2.95% in Q1 2022 to 5.54% in Q3 2023. This indicates that the company has been effectively utilizing its assets to generate profits during this period. The ROA peaked in Q3 2023, suggesting an improvement in the company's efficiency in generating earnings relative to its assets. Overall, the increasing trend in ROA demonstrates Merit Medical Systems' ability to generate better returns on its investment in assets over time.