OSI Systems Inc (OSIS)

Operating return on assets (Operating ROA)

		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	Dec 31, 2019	Sep 30, 2019
Operating income (ttm)	US$ in thousands	189,061	183,394	166,368	139,538	135,279	117,685	111,774	115,369	121,749	116,046	120,086	123,358	115,371	104,973	96,132	96,693	104,887	109,121	117,616	116,404
Total assets	US$ in thousands	1,936,010	1,831,080	1,726,480	1,588,450	1,555,690	1,483,300	1,466,230	1,467,770	1,443,150	1,459,090	1,443,110	1,443,150	1,384,370	1,325,960	1,300,800	1,270,950	1,268,540	1,286,590	1,301,930	1,290,100
Operating ROA		9.77%	10.02%	9.64%	8.78%	8.70%	7.93%	7.62%	7.86%	8.44%	7.95%	8.32%	8.55%	8.33%	7.92%	7.39%	7.61%	8.27%	8.48%	9.03%	9.02%

June 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $189,061K ÷ $1,936,010K
= 9.77%

Operating Return on Assets (Operating ROA) is a key profitability ratio that indicates how efficiently a company is generating profits from its assets used in operations. OSI Systems Inc's Operating ROA has shown fluctuation over the past several quarters, ranging from 7.39% to 10.02%.

The trend in OSI Systems Inc's Operating ROA indicates that the company's ability to generate earnings from its operational assets has been somewhat volatile. While the ratio has shown some variability, it has generally remained above 7%, suggesting that the company has been able to maintain a reasonable level of profitability relative to its assets.

In the latest quarter, the company's Operating ROA was 9.77%, showing a slight decrease from the previous quarter's 10.02%. This indicates that OSI Systems Inc may have experienced some challenges in maintaining or improving its profitability in the most recent period.

Overall, while the Operating ROA of OSI Systems Inc has shown fluctuations, the company has generally been successful in generating profits from its operational assets over the analyzed periods. It will be essential for stakeholders to monitor how the company's profitability evolves in the future to assess its operational efficiency and financial health.