OSI Systems Inc (OSIS)

Return on assets (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
Net income (ttm)	US$ in thousands	128,154	125,856	113,621	93,422	91,778	83,160	104,087	107,530	115,347	107,478	83,516	83,757	74,049	62,120	62,905	63,853	75,252	77,948	78,016	76,137
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
ROA		6.62%	6.87%	6.58%	5.88%	5.90%	5.61%	7.10%	7.33%	7.99%	7.37%	5.79%	5.80%	5.35%	4.68%	4.84%	5.02%	5.93%	6.06%	5.99%	5.90%

June 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $128,154K ÷ $1,936,010K
= 6.62%

OSI Systems Inc's return on assets (ROA) has displayed some fluctuations over the past 20 quarters. The ROA ranged from a low of 4.68% in March 2021 to a high of 7.99% in June 2022. Overall, the ROA has generally been above 5%, indicating that the company has been effectively generating profits relative to its total assets.

The upward trend in ROA from the end of 2021 to mid-2022 suggests improving asset utilization and profitability. However, the slight decline in the most recent quarter (June 2024) compared to the previous quarter may warrant further investigation into the company's asset management and earnings performance.

Analyzing the company's ROA trend over time can provide insights into its operational efficiency, profitability, and overall financial health. It is essential for investors and stakeholders to monitor ROA along with other financial metrics to assess OSI Systems Inc's performance and identify any potential risks or opportunities.