Insulet Corporation (PODD)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	220,000	37,600	126,000	51,500	50,000
Total assets	US$ in thousands	2,588,200	2,251,100	2,048,800	1,872,900	1,142,900
Operating ROA		8.50%	1.67%	6.15%	2.75%	4.37%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $220,000K ÷ $2,588,200K
= 8.50%

Insulet Corporation's operating return on assets (ROA) has demonstrated variability over the past five years. In 2023, Insulet achieved an operating ROA of 8.50%, marking a significant improvement compared to the previous year's 1.67%. This surge indicates a notable enhancement in the company's efficiency in generating operating profit from its assets. While the 2023 ROA is relatively high, it is important to note that in 2021 and 2019, Insulet Corporation also recorded respectable operating ROA figures of 6.15% and 4.37%, respectively. However, in 2022 and 2020, the company's operating ROA was lower at 1.67% and 2.75%, indicating possible challenges in asset utilization and profitability during those years. Overall, the fluctuating trend in Insulet Corporation's operating ROA highlights the importance of continuously monitoring and optimizing asset management to enhance operational performance and profitability.