Stryker Corporation (SYK)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	2,993,000	3,165,000	2,358,000	1,994,000	1,599,000
Total assets	US$ in thousands	42,971,000	39,912,000	36,884,000	34,631,000	34,330,000
ROA		6.97%	7.93%	6.39%	5.76%	4.66%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $2,993,000K ÷ $42,971,000K
= 6.97%

Based on the provided data for Stryker Corporation's return on assets (ROA) over the past five years, we observe a generally positive trend. The ROA has been increasing steadily from 4.66% as of December 31, 2020, to 6.97% as of December 31, 2024.

This improvement in ROA indicates that Stryker has been effectively utilizing its assets to generate profits over the years. A rising ROA reflects the company's ability to generate more earnings per dollar of assets employed in its operations.

It is noteworthy that there was a significant jump in ROA from 2022 to 2023, where it increased from 6.39% to 7.93%, indicating a potentially strong operational performance during that period. However, the ROA experienced a slight dip in 2024 to 6.97%, which could be a signal for further analysis to understand the factors influencing this change.

Overall, the increasing trend in Stryker Corporation's ROA suggests efficient management of assets and a positive outlook for the company's profitability in the recent years.