STERIS plc (STE)
Return on assets (ROA)
Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
---|---|---|---|---|---|---|
Net income | US$ in thousands | 614,641 | 378,239 | 107,030 | 243,888 | 397,400 |
Total assets | US$ in thousands | 10,146,800 | 11,063,700 | 10,821,800 | 11,452,600 | 6,574,470 |
ROA | 6.06% | 3.42% | 0.99% | 2.13% | 6.04% |
March 31, 2025 calculation
ROA = Net income ÷ Total assets
= $614,641K ÷ $10,146,800K
= 6.06%
Based on the provided data for STERIS plc's Return on Assets (ROA) over the past five years, we observe fluctuations in the company's performance. The ROA decreased from 6.04% as of March 31, 2021, to 2.13% as of March 31, 2022, indicating a decline in the company's ability to generate profits relative to its assets.
The downward trend continued as the ROA further dropped to 0.99% as of March 31, 2023. This suggests that the company's asset efficiency and profitability deteriorated during this period. However, there was a slight improvement in the following year, with the ROA increasing to 3.42% as of March 31, 2024.
The most recent data point is not available, indicated by the symbol "—". Consequently, we lack information regarding STERIS plc's ROA performance as of March 31, 2025.
Overall, the fluctuating trend in STERIS plc's ROA highlights the company's changing ability to utilize its assets effectively to generate profits over the past five years. Further analysis and consideration of other financial metrics may be necessary to gain a comprehensive understanding of the company's financial performance and profitability.
Peer comparison
Mar 31, 2025