ResMed Inc (RMD)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,319,890 | 1,131,870 | 1,000,290 | 903,678 | 809,659 |
| Total assets | US$ in thousands | 6,872,390 | 6,751,710 | 5,095,850 | 4,728,120 | 4,587,380 |
| Operating ROA | 19.21% | 16.76% | 19.63% | 19.11% | 17.65% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,319,890K ÷ $6,872,390K
= 19.21%
ResMed Inc's operating return on assets (operating ROA) has shown a positive trend over the past five years, ranging from 16.76% in Jun 30, 2023, to 19.63% in Jun 30, 2022. The operating ROA for the most recent period ending Jun 30, 2024, stands at 19.21%. This indicates the company's ability to generate operating profit relative to its total assets has remained relatively strong and stable over the years. High operating ROA values suggest efficient asset utilization and effective operational management. The consistency of ResMed Inc's operating ROA reflects the company's proficiency in generating profits from its asset base and underscores its operational efficiency.
Peer comparison
Jun 30, 2024