Thermo Fisher Scientific Inc (TMO)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 7,332,000 | 7,170,000 | 7,196,000 | 7,016,000 | 6,859,000 | 6,866,000 | 6,712,000 | 7,135,000 | 8,393,000 | 9,070,000 | 9,638,000 | 9,800,000 | 10,028,000 | 10,561,000 | 10,709,000 | 9,937,000 | 7,794,000 | 5,955,000 | 4,475,000 | 4,580,000 |
| Total assets | US$ in thousands | 97,321,000 | 100,364,000 | 98,496,000 | 97,095,000 | 98,726,000 | 97,057,000 | 94,105,000 | 94,658,000 | 97,154,000 | 90,536,000 | 90,579,000 | 92,747,000 | 95,123,000 | 73,600,000 | 67,698,000 | 65,931,000 | 69,052,000 | 64,061,000 | 61,593,000 | 58,688,000 |
| Operating ROA | 7.53% | 7.14% | 7.31% | 7.23% | 6.95% | 7.07% | 7.13% | 7.54% | 8.64% | 10.02% | 10.64% | 10.57% | 10.54% | 14.35% | 15.82% | 15.07% | 11.29% | 9.30% | 7.27% | 7.80% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $7,332,000K ÷ $97,321,000K
= 7.53%
Thermo Fisher Scientific Inc's operating return on assets (operating ROA) has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The operating ROA started at 7.80% in March 2020 and showed a slight decline to 7.27% by June 2020. However, it gradually increased to 9.30% by September 2020 and further improved to 11.29% by December 2020.
The operating ROA experienced significant growth in the subsequent quarters, reaching its peak at 15.82% in June 2021. Despite a slight decrease in the following periods, the operating ROA remained relatively high, hovering around the double-digit mark. However, there was a notable decline to 6.95% by December 31, 2023.
In the most recent data available, as of December 31, 2024, the operating ROA for Thermo Fisher Scientific Inc stood at 7.53%. This indicates that the company's ability to generate operating profits from its assets has shown variability during the period under review, reflecting changes in efficiency, profitability, and asset utilization. Further analysis and trend monitoring are recommended to assess the company's operational performance and asset management strategies.
Peer comparison
Dec 31, 2024