STERIS plc (STE)

Return on assets (ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	378,239	107,030	243,888	397,400	407,659
Total assets	US$ in thousands	11,063,700	10,821,800	11,423,600	6,574,470	5,440,870
ROA		3.42%	0.99%	2.13%	6.04%	7.49%

March 31, 2024 calculation

ROA = Net income ÷ Total assets
= $378,239K ÷ $11,063,700K
= 3.42%

The return on assets (ROA) for STERIS plc has fluctuated over the past five years, as evidenced by the following data:

- In fiscal year 2024, the ROA was 3.42%, showing an improvement compared to the previous year.
- In fiscal year 2023, the ROA was 0.99%, indicating a significant increase compared to the prior year.
- In fiscal year 2022, the ROA stood at 2.13%, which was a decrease from the previous year.
- In fiscal year 2021, the ROA was 6.04%, demonstrating a notable decline compared to the preceding year.
- In fiscal year 2020, the ROA was 7.49%, showing a decrease from the prior year.

The fluctuation in ROA over the years suggests varying levels of efficiency in generating profits from the company's assets. A declining trend in ROA could indicate that STERIS plc may be experiencing challenges in utilizing its assets effectively to generate profits, while an increasing trend may suggest improved asset management and profitability. Further analysis considering the company's financial performance and industry benchmarks would be necessary to provide a more comprehensive evaluation of STERIS plc's ROA.