ResMed Inc (RMD)
Return on assets (ROA)
Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 1,313,254 | 1,248,705 | 1,112,883 | 1,020,950 | 958,378 | 890,386 | 906,500 | 897,556 | 862,953 | 809,465 | 786,302 | 779,437 | 779,474 | 521,981 | 499,744 | 474,503 | 457,240 | 698,858 | 679,898 | 621,674 |
Total assets | US$ in thousands | 7,566,820 | 7,141,330 | 7,222,420 | 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 |
ROA | 17.36% | 17.49% | 15.41% | 14.86% | 14.06% | 12.89% | 13.45% | 13.29% | 12.85% | 12.12% | 15.19% | 15.30% | 15.89% | 11.02% | 10.57% | 10.04% | 9.97% | 15.28% | 14.71% | 13.55% |
March 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,313,254K ÷ $7,566,820K
= 17.36%
ResMed Inc’s return on assets (ROA) demonstrates notable fluctuations over the period from June 2020 through March 2025. Initially, the ROA was 13.55% as of June 2020, reflecting a solid level of profitability relative to the asset base. This percentage experienced steady growth through the subsequent quarters, reaching a peak of 15.28% by December 2020, and further climbing to 15.89% in March 2022. These increases suggest an improving efficiency in generating earnings from the company's total assets during this period.
However, the ROA subsequently declined, falling to 12.12% by December 2022. This downward trend coincided with a period of volatility, with the ROA registering slight recoveries and dips, indicating fluctuating operational performance or shifts in asset utilization efficiency. By March 2023, the ROA rose marginally to 12.85%, and continued to show modest improvements through September 2023 at 13.45%, reaching 14.06% in March 2024.
From March 2024 onward, there displays a pronounced upward trend in ROA, ultimately reaching 17.49% at the end of 2024. The increase indicates a significant enhancement in how effectively the company utilizes its assets to generate profit, perhaps driven by operational efficiencies or favorable market conditions. As of March 2025, the ROA remains high at 17.36%, suggesting sustained improvements in asset utilization and profitability.
Overall, the ROA trajectory reflects periods of growth interspersed with downturns, but predominantly indicates a trend towards higher efficiency and profitability in relation to the company's asset base in the most recent periods. The upward movement towards the end of the observed timeframe highlights an encouraging progression in core operational performance metrics.
Peer comparison
Mar 31, 2025