ResMed Inc (RMD)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,020,950 | 897,556 | 779,437 | 474,505 | 621,674 |
| Total assets | US$ in thousands | 6,872,390 | 6,751,710 | 5,095,850 | 4,728,120 | 4,587,380 |
| ROA | 14.86% | 13.29% | 15.30% | 10.04% | 13.55% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $1,020,950K ÷ $6,872,390K
= 14.86%
The return on assets (ROA) for ResMed Inc has shown positive trends over the past five years. In particular, the company's ROA has improved from 10.04% in 2021 to 14.86% in 2024, indicating that the company has been more efficient in generating profits relative to its total assets.
The consistent increase in ROA suggests improved profitability and efficiency in the utilization of the company's assets over the years. This could be attributed to effective management of assets, cost control measures, or revenue growth.
Overall, the upward trend in ROA indicates that ResMed Inc has been successful in generating a higher return on its assets, which is a positive sign for investors and stakeholders.
Peer comparison
Jun 30, 2024