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


See also:

Stryker Corporation Return on Assets (ROA) (Quarterly Data)