STERIS plc (STE)
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 | 614,639 | 467,592 | 434,801 | 400,086 | 378,239 | 566,841 | 549,423 | 118,873 | 106,074 | -29,098 | -9,329 | 375,527 | 242,870 | 278,260 | 249,754 | 285,987 | 396,079 | 431,952 | 422,294 | 411,205 |
| 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 |
| ROA | 6.06% | 4.67% | 4.25% | 3.96% | 3.42% | 4.96% | 4.87% | 1.10% | 0.98% | -0.27% | -0.09% | 3.36% | 2.12% | 2.38% | 2.13% | 2.36% | 6.02% | 6.56% | 7.69% | 7.67% |
March 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $614,639K ÷ $10,146,800K
= 6.06%
Based on the provided data, STERIS plc's return on assets (ROA) has displayed fluctuations over the past few years. The ROA started at a healthy level of around 7% in mid-2020 but experienced a decline in the subsequent quarters, dropping to around 2% by mid-2021. However, there was a slight improvement in the ROA trend towards the end of 2021 and into early 2022.
In mid-2022, the ROA jumped to 3.36% before turning negative in the following quarter, indicating potential challenges in generating profits relative to its asset base during that period. This negative trend extended into the end of 2022, albeit with a slight recovery in early 2023.
From mid-2023 onwards, STERIS plc managed to significantly improve its ROA, reaching around 6% by the first quarter of 2025. This upward trajectory suggests the company may have implemented strategic initiatives to enhance profitability and optimize its asset utilization efficiency.
Overall, STERIS plc's ROA performance demonstrates a mix of fluctuations and improvements over the analyzed period, reflecting potential shifts in the company's operational efficiency and profitability in relation to its asset base. Analyzing the factors driving these fluctuations could provide valuable insights into the company's financial health and performance outlook.
Peer comparison
Mar 31, 2025