Stryker Corporation (SYK)
Operating return on assets (Operating ROA)
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,689,000 | 4,365,000 | 4,211,000 | 4,125,000 | 3,888,000 | 3,445,000 | 3,322,000 | 3,129,000 | 2,841,000 | 2,846,000 | 2,612,000 | 2,572,000 | 2,584,000 | 2,514,000 | 2,799,000 | 2,047,000 | 2,223,000 | 2,418,000 | 2,187,000 | 2,820,000 |
| Total assets | US$ in thousands | 42,971,000 | 43,833,000 | 39,130,000 | 39,402,000 | 39,912,000 | 38,042,000 | 37,409,000 | 36,830,000 | 36,884,000 | 35,983,000 | 36,032,000 | 36,137,000 | 34,631,000 | 34,145,000 | 33,698,000 | 33,455,000 | 34,330,000 | 32,286,000 | 31,483,000 | 29,440,000 |
| Operating ROA | 8.58% | 9.96% | 10.76% | 10.47% | 9.74% | 9.06% | 8.88% | 8.50% | 7.70% | 7.91% | 7.25% | 7.12% | 7.46% | 7.36% | 8.31% | 6.12% | 6.48% | 7.49% | 6.95% | 9.58% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,689,000K ÷ $42,971,000K
= 8.58%
Operating Return on Assets (Operating ROA) is a financial ratio that measures a company's efficiency in generating operating income relative to its total assets. For Stryker Corporation, the trend in Operating ROA over the past several quarters shows fluctuation but overall demonstrates a relatively stable performance.
The Operating ROA for Stryker Corporation fluctuated between 6.12% to 10.76% from March 2021 to June 2024. The highest Operating ROA of 10.76% was observed in June 2024, indicating that the company was able to generate higher operating income relative to its total assets during that period. On the other hand, the lowest Operating ROA of 6.12% was recorded in March 2021.
Overall, Stryker Corporation's Operating ROA has shown a generally positive trend, with some fluctuations along the way. This indicates that the company has been able to effectively utilize its assets to generate operating income, albeit with some variability in performance over the quarters. It is essential for the company to maintain or improve its Operating ROA to ensure continued operational efficiency and profitability.
Peer comparison
Dec 31, 2024