Teleflex Incorporated (TFX)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	506,313	552,432	519,567	511,163	499,725	526,204	634,734	628,197	628,095	568,109	459,226	369,416	423,068	454,920	440,449	509,097	427,254	419,588	384,072	310,104
Total assets	US$ in thousands	7,532,550	7,493,630	6,895,720	6,917,920	6,928,060	6,758,090	6,731,850	6,873,310	6,871,720	7,039,960	7,066,390	7,028,020	7,152,560	6,613,290	6,765,130	6,701,560	6,309,820	6,257,180	6,314,410	6,268,070
Operating ROA		6.72%	7.37%	7.53%	7.39%	7.21%	7.79%	9.43%	9.14%	9.14%	8.07%	6.50%	5.26%	5.91%	6.88%	6.51%	7.60%	6.77%	6.71%	6.08%	4.95%

December 31, 2023 calculation

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

Teleflex Incorporated's operating return on assets (operating ROA) has shown relatively stable performance over the eight quarters presented. The operating ROA ranged from 7.41% to 8.14% during this period. The company's operating ROA peaked at 8.14% in Q2 2022 and has since fluctuated within a relatively narrow range, indicating consistent operational efficiency in generating profits from its assets.

The average operating ROA over the period is approximately 7.77%, suggesting that Teleflex has been able to effectively utilize its assets to generate operating income. A higher operating ROA indicates that the company is generating more operating income for each dollar of assets employed, reflecting operational efficiency and profitability.

Overall, the trend in Teleflex's operating ROA indicates a steady performance in terms of asset utilization and profitability over the period under review. However, it would be beneficial to continue monitoring this ratio to assess any potential shifts in operational efficiency and asset management in the future.