Stryker Corporation (SYK)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,165,000 | 2,585,000 | 2,709,000 | 2,627,000 | 2,358,000 | 2,457,000 | 2,079,000 | 2,015,000 | 1,994,000 | 1,900,000 | 2,083,000 | 1,408,000 | 1,599,000 | 1,756,000 | 1,601,000 | 2,164,000 | 2,083,000 | 3,426,000 | 3,550,000 | 3,522,000 |
| 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 |
| ROA | 7.93% | 6.80% | 7.24% | 7.13% | 6.39% | 6.83% | 5.77% | 5.58% | 5.76% | 5.56% | 6.18% | 4.21% | 4.66% | 5.44% | 5.09% | 7.35% | 6.90% | 12.85% | 13.47% | 13.58% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,165,000K ÷ $39,912,000K
= 7.93%
Based on the data provided, Stryker Corp.'s return on assets (ROA) has shown variability over the past eight quarters. The ROA has ranged from a low of 5.58% in Q1 2022 to a high of 7.93% in Q4 2023. Overall, the ROA has displayed an upward trend in recent quarters, indicating an improvement in the company's ability to generate profits from its assets.
The average ROA for the past eight quarters is approximately 6.99%, which suggests that, on average, the company is earning about $0.07 for every $1 of assets it owns. This indicates a relatively efficient utilization of assets to generate profits.
It is important to note that the ROA metric provides insight into how well the company is utilizing its assets to generate profits. A higher ROA indicates that the company is more efficient in generating profits from its assets, while a lower ROA may suggest inefficiency or underperformance in asset utilization.
Overall, the increasing trend in Stryker Corp.'s ROA over the past quarters is a positive sign of improved asset efficiency and profitability, reflecting well on the company's operational performance and management of its assets.
Peer comparison
Dec 31, 2023