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.