Teleflex Incorporated (TFX)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	69,675	356,328	363,139	485,374	335,324
Total assets	US$ in thousands	7,097,910	7,532,550	6,928,060	6,871,720	7,152,560
ROA		0.98%	4.73%	5.24%	7.06%	4.69%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $69,675K ÷ $7,097,910K
= 0.98%

Teleflex Incorporated's return on assets (ROA) has shown varying trends over the past five years. In December 31, 2020, the ROA stood at 4.69%, indicating that the company generated 4.69 cents of profit for every dollar of assets it owned. The ROA increased to 7.06% by December 31, 2021, showcasing higher profitability relative to its asset base.

However, the ROA decreased to 5.24% by December 31, 2022, signaling a slight decline in efficiency in generating profits from its assets. This trend continued into December 31, 2023, with a ROA of 4.73%, suggesting a further decrease in the company's ability to utilize its assets effectively to generate income.

The most recent data point, December 31, 2024, reveals a significant drop in ROA to 0.98%, highlighting a substantial decline in profitability relative to its asset base. This sharp decline could raise concerns about the company's operational efficiency and asset utilization.

Overall, Teleflex Incorporated's ROA has fluctuated over the past five years, with periods of growth followed by declines. Further analysis of the underlying factors driving these changes in ROA would be necessary to gain a deeper understanding of the company's financial performance.