Insulet Corporation (PODD)

Return on assets (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
Net income (ttm)	US$ in thousands	206,300	120,000	62,900	600	4,600	16,800	34,600	44,600	16,800	-29,500	-30,500	8,900	6,800	28,900	18,100	5,100	11,600	16,500	17,400	14,300
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
ROA		7.97%	4.86%	2.64%	0.03%	0.20%	0.78%	1.64%	2.16%	0.82%	-1.48%	-1.59%	0.48%	0.36%	1.69%	1.11%	0.46%	1.01%	1.30%	1.78%	1.50%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $206,300K ÷ $2,588,200K
= 7.97%

Insulet Corporation's return on assets (ROA) has shown a significant improvement over the past quarters, indicating the company's effectiveness in generating profits from its assets. The ROA increased from 0.20% in Q4 2022 to 7.97% in Q4 2023, demonstrating a substantial growth in profitability relative to the company's total assets. This suggests that management has been efficient in utilizing the company's assets to generate earnings. The steady upward trend in ROA reflects positively on Insulet Corporation's asset management and operational efficiency, potentially signaling a stronger financial performance in recent quarters.