Insulet Corporation (PODD)

Operating return on assets (Operating ROA)

		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	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	220,000	137,100	85,200	27,400	37,600	63,800	94,600	147,600	126,000	69,000	59,100	60,300	51,500	76,900	70,100	50,200	50,000	48,133	37,998	34,723
Total assets	US$ in thousands	2,588,200	2,467,700	2,385,800	2,289,100	2,251,100	2,166,200	2,113,700	2,069,200	2,048,800	1,998,900	1,923,700	1,840,100	1,872,900	1,710,600	1,626,700	1,108,200	1,142,900	1,268,390	977,723	952,612
Operating ROA		8.50%	5.56%	3.57%	1.20%	1.67%	2.95%	4.48%	7.13%	6.15%	3.45%	3.07%	3.28%	2.75%	4.50%	4.31%	4.53%	4.37%	3.79%	3.89%	3.65%

December 31, 2023 calculation

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

To analyze Insulet Corporation's operating return on assets (Operating ROA), we observe a fluctuating trend in the ratio over the eight quarters presented. In Q1 2022, the Operating ROA stood at 7.13%, indicating a relatively high profitability generated from the company's assets. However, there was a decline in Q2 2022 to 4.48%, followed by further reduction in Q3 2022 to 2.95%. The ratio continued its downward trend in Q4 2022 to 1.67%, reflecting a decrease in the company's ability to generate profits from its operating activities relative to its assets.

The start of 2023 saw a slight improvement in Q1 with an operating ROA of 1.20%, indicating some recovery in profitability. Subsequently, there was a notable increase in Q2 2023 to 3.57%, suggesting a positive impact on the company's efficiency in generating profits from its assets. This trend continued in Q3 2023 with an Operating ROA of 5.56%, signifying a further improvement in profitability.

The most recent data for Q4 2023 shows a significant rise in Operating ROA to 8.50%, marking a substantial increase in the company's ability to generate profits through its operating activities relative to its assets. Overall, the fluctuating trend in Insulet Corporation's Operating ROA underscores the importance of closely monitoring and analyzing shifts in profitability to assess the company's operational efficiency and financial performance.