OSI Systems Inc (OSIS)

Return on assets (ROA)

		Jun 30, 2025	Mar 31, 2025	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
Net income (ttm)	US$ in thousands	196,451	188,382	134,477	133,211	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
Total assets	US$ in thousands	2,241,260	2,081,000	2,130,910	2,113,510	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	1,410,640	1,384,370	1,325,960	1,300,800	1,270,950
ROA		8.77%	9.05%	6.31%	6.30%	6.62%	6.87%	6.58%	5.88%	5.90%	5.61%	7.10%	7.33%	7.99%	7.37%	5.79%	5.94%	5.35%	4.68%	4.84%	5.02%

June 30, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $196,451K ÷ $2,241,260K
= 8.77%

The analysis of OSI Systems Inc.'s return on assets (ROA) over the observed period reveals a pattern characterized by fluctuations and gradual trends. Initially, in September 2020, the ROA was approximately 5.02%, indicating that the company was generating around five dollars of profit for every hundred dollars of assets employed. During the subsequent quarters, the ROA experienced a slight decline, reaching a low of approximately 4.68% by March 2021. This decrease suggests a modest reduction in asset efficiency or profitability relative to the assets deployed during that period.

From the second quarter of 2021 onwards, there was a notable upward trajectory in ROA. By June 2021, it rose to approximately 5.35%, and continued improving to reach around 5.94% in September 2021. The positive trend persisted into the end of 2021, with ROA climbing to approximately 5.79% in December 2021. Early 2022 reflected a significant increase, with the ROA surging to approximately 7.37% in March and further advancing to around 7.99% by June of the same year. During this period, the company's asset efficiency improved markedly.

However, at the tail end of 2022, the ROA showed signs of moderation, declining to roughly 7.33% in September and further to approximately 7.10% in December. The first half of 2023 saw a decline to about 5.61% in March, with a slight recovery to 5.90% in June and 5.88% in September. Although these levels indicate a normalization after a peak, they remain below the earlier highs experienced in 2022.

In the most recent observed period, extending into late 2024 and mid-2025, the ROA exhibited renewed upward movement. It reached approximately 6.58% in December 2024, then increased further to about 6.87% in March 2025. The metric experienced a slight decline thereafter, settling around 6.62% in June 2025 before experiencing a substantial surge to approximately 9.05% in March 2025, followed by an estimated figure of approximately 8.77% in June 2025.

Overall, the ROA trend displays periods of improvement, notably in early 2022 and the first quarter of 2025, interspersed with phases of decline or stabilization. The fluctuations may be indicative of changes in operational efficiency, strategic shifts, or external economic factors influencing asset utilization and profitability. The recent notable increase in ROA suggests an improvement in asset efficiency or profitability in the most recent quarters.