STERIS plc (STE)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 866,638 | 896,867 | 867,730 | 833,921 | 837,272 | 816,297 | 790,944 | 298,672 | 268,185 | 134,641 | 146,771 | 569,689 | 425,618 | 478,018 | 422,115 | 446,875 | 546,552 | 560,059 | 555,416 | 540,886 |
| Total assets | US$ in thousands | 10,146,800 | 10,008,400 | 10,242,100 | 10,108,600 | 11,063,700 | 11,435,200 | 11,280,600 | 10,784,400 | 10,821,800 | 10,799,900 | 10,489,600 | 11,188,000 | 11,452,600 | 11,690,000 | 11,752,400 | 12,101,000 | 6,574,470 | 6,580,780 | 5,492,570 | 5,363,930 |
| Operating ROA | 8.54% | 8.96% | 8.47% | 8.25% | 7.57% | 7.14% | 7.01% | 2.77% | 2.48% | 1.25% | 1.40% | 5.09% | 3.72% | 4.09% | 3.59% | 3.69% | 8.31% | 8.51% | 10.11% | 10.08% |
March 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $866,638K ÷ $10,146,800K
= 8.54%
The operating return on assets (ROA) of STERIS plc has shown fluctuations over the period from June 30, 2020, to March 31, 2025. The trend indicates some variability in the company's ability to generate operating profits relative to its total assets.
Initially, the operating ROA was relatively stable around 10% in mid-2020, showing operational efficiency and profitability. However, towards the end of 2020 and into early 2021, there was a decline in operating ROA to around 8-9%, potentially indicating challenges or changes in the company's operations.
From mid-2021 to mid-2022, there was a significant drop in operating ROA to as low as 1.25% in December 31, 2022, and 1.40% in September 30, 2022, suggesting a period of decreased operational performance and efficiency.
Subsequently, from March 31, 2023, to March 31, 2025, there was a gradual improvement in operating ROA, with the ratio reaching 8.54% by the end of the period. This uptrend indicates a potential turnaround in the company's operational profitability and efficiency.
Overall, the analysis of STERIS plc's operating ROA highlights both strengths and weaknesses in the company's ability to utilize its assets effectively to generate operating income. It is essential for stakeholders to monitor these changes closely to assess the company's operational performance and financial health accurately.
Peer comparison
Mar 31, 2025