Teleflex Incorporated (TFX)

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	356,328	403,812	368,567	362,746	363,139	412,629	509,915	487,649	485,374	433,426	350,832	279,040	335,324	367,458	479,800	551,719	461,466	443,791	271,386	185,515
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
ROA		4.73%	5.39%	5.34%	5.24%	5.24%	6.11%	7.57%	7.09%	7.06%	6.16%	4.96%	3.97%	4.69%	5.56%	7.09%	8.23%	7.31%	7.09%	4.30%	2.96%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $356,328K ÷ $7,532,550K
= 4.73%

Teleflex Incorporated's return on assets (ROA) has shown a decreasing trend over the quarters, from 7.09% in Q1 2022 to 4.73% in Q4 2023. This indicates that the company's ability to generate profits from its assets has declined over this period. The ROA peaked at 7.57% in Q2 2022 but has since been on a downward trajectory. It is essential for Teleflex to closely monitor and improve its asset management efficiency to enhance profitability and create value for its stakeholders.