Stryker Corporation (SYK)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,993,000 | 3,590,000 | 3,448,000 | 3,361,000 | 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 |
| 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 |
| ROA | 6.97% | 8.19% | 8.81% | 8.53% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,993,000K ÷ $42,971,000K
= 6.97%
The Return on Assets (ROA) of Stryker Corporation has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ROA started at 7.35% in March 2020, declined to 4.21% by March 2021, and then demonstrated a recovery reaching 8.81% by June 30, 2024. The highest ROA recorded during this period was 8.81% in June 30, 2024, whereas the lowest was 4.21% in March 31, 2021.
Overall, the trend in ROA suggests that Stryker Corporation's ability to generate earnings from its assets improved after facing a temporary decline. The increasing trend in ROA signals that the company has been more efficient in generating profits relative to its asset base. However, the decrease in ROA from 8.81% in June 30, 2024, to 6.97% in December 31, 2024, indicates a potential change in the company's asset utilization efficiency or profitability that may require further monitoring and analysis.
Peer comparison
Dec 31, 2024