Stryker Corporation (SYK)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 2,713,000 | 2,467,000 | 2,415,000 | 2,474,000 |
| Total assets | US$ in thousands | 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 | 30,167,000 | 26,659,000 | 26,354,000 | 25,937,000 |
| Operating ROA | 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% | 8.99% | 9.25% | 9.16% | 9.54% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,888,000K ÷ $39,912,000K
= 9.74%
Based on the data provided, we can observe that Stryker Corp.'s operating return on assets (operating ROA) has been relatively stable and increasing gradually over the past eight quarters. The trend shows a positive trajectory, indicating that the company is effectively generating operating income relative to its total assets.
The operating ROA has consistently improved from 7.36% in Q2 2022 to 9.79% in Q4 2023. This suggests that Stryker Corp.'s operational efficiency and asset utilization have been enhanced over time. Higher operating ROA values imply that the company is generating more operating profits for each dollar of assets employed.
The consistent increase in operating ROA reflects positively on Stryker Corp.'s ability to manage its assets efficiently and generate operating income effectively. This trend is favorable for investors as it indicates the company's potential for sustainable profitability and value creation. It also suggests that Stryker Corp. is utilizing its assets effectively to drive operational performance and enhance shareholder value.
Peer comparison
Dec 31, 2023