ResMed Inc (RMD)

Operating return on assets (Operating ROA)

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Operating income (ttm)	US$ in thousands	1,319,891	1,213,944	1,140,031	1,145,131	1,131,873	1,112,001	1,045,595	1,014,112	1,000,286	986,527	975,688	948,693	903,676	885,285	879,359	855,452	809,658	707,487	646,964	606,233
Total assets	US$ in thousands	6,872,390	6,814,560	6,905,090	6,740,790	6,751,710	6,713,880	6,676,100	5,177,560	5,095,850	4,905,260	4,734,740	4,729,170	4,728,120	4,585,720	4,572,860	4,620,840	4,587,380	4,510,540	4,353,940	4,154,560
Operating ROA		19.21%	17.81%	16.51%	16.99%	16.76%	16.56%	15.66%	19.59%	19.63%	20.11%	20.61%	20.06%	19.11%	19.31%	19.23%	18.51%	17.65%	15.69%	14.86%	14.59%

June 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,319,891K ÷ $6,872,390K
= 19.21%

ResMed Inc has demonstrated a consistently strong performance in terms of operating return on assets (operating ROA) over the past several quarters. The operating ROA has been gradually increasing from 14.59% in December 2019 to 19.21% in June 2024, reflecting the company's ability to generate operating profits relative to its assets.

The upward trend in operating ROA indicates that ResMed Inc has been effectively utilizing its assets to generate operating income. This suggests efficient management of resources and operational effectiveness. The relatively high operating ROA figures above 15% indicate that ResMed Inc is generating a significant return on its assets, which is favorable for the company and its stakeholders.

Overall, the consistent improvement in operating ROA for ResMed Inc suggests a positive outlook for the company's operational efficiency and profitability in utilizing its assets effectively to generate earnings.