OSI Systems Inc (OSIS)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 128,154 | 91,778 | 115,347 | 74,049 | 75,252 |
| Total assets | US$ in thousands | 1,936,010 | 1,555,690 | 1,443,150 | 1,384,370 | 1,268,540 |
| ROA | 6.62% | 5.90% | 7.99% | 5.35% | 5.93% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $128,154K ÷ $1,936,010K
= 6.62%
Over the past five years, OSI Systems Inc has shown fluctuations in its return on assets (ROA) ratio. In the most recent fiscal year ending June 30, 2024, the company's ROA improved to 6.62% from 5.90% in the previous year. This indicates that OSI Systems Inc was able to generate a higher level of profit relative to its total assets in 2024.
However, when compared to the ROA performance in fiscal year 2022, where the ratio was at its highest at 7.99%, the recent increase in ROA is somewhat lower. This suggests that the company may have been more efficient in generating profits from its assets in 2022 compared to 2024.
On a positive note, OSI Systems Inc's ROA in 2024 is higher than the ratios recorded in both 2021 and 2020, indicating an improvement in the company's asset utilization and overall profitability over the last two years.
Overall, while OSI Systems Inc's ROA has shown some variability over the past five years, the recent increase in the ratio suggests a positive trend towards better asset management and profitability in the company.
Peer comparison
Jun 30, 2024