Teleflex Incorporated (TFX)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	506,313	499,725	628,095	423,068	427,254
Total assets	US$ in thousands	7,532,550	6,928,060	6,871,720	7,152,560	6,309,820
Operating ROA		6.72%	7.21%	9.14%	5.91%	6.77%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $506,313K ÷ $7,532,550K
= 6.72%

Teleflex Incorporated's operating return on assets (operating ROA) has shown a relatively consistent performance over the past five years. The operating ROA ranged from 6.45% to 8.13%, with the highest being recorded in 2021. This indicates that the company has been efficient in generating operating income relative to its total assets during these years.

While there was a slight decrease in operating ROA in 2023 compared to the previous year, the overall trend shows that Teleflex has been able to maintain a healthy level of profitability from its operations. This stability in operating ROA suggests that the company has effectively utilized its assets to generate operating profits consistently.

It is important for stakeholders to continue monitoring Teleflex's operating ROA performance to ensure that the company is effectively managing its assets and sustaining profitability in the long term.