Thermo Fisher Scientific Inc (TMO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 6,336,000 | 6,136,000 | 6,221,000 | 6,034,000 | 5,995,000 | 5,941,000 | 5,721,000 | 6,024,000 | 6,950,000 | 7,032,000 | 7,439,000 | 7,603,000 | 7,725,000 | 8,565,000 | 8,596,000 | 7,924,000 | 6,375,000 | 4,879,000 | 3,706,000 | 3,669,000 |
| 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 |
| ROA | 6.51% | 6.11% | 6.32% | 6.21% | 6.07% | 6.12% | 6.08% | 6.36% | 7.15% | 7.77% | 8.21% | 8.20% | 8.12% | 11.64% | 12.70% | 12.02% | 9.23% | 7.62% | 6.02% | 6.25% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $6,336,000K ÷ $97,321,000K
= 6.51%
Thermo Fisher Scientific Inc's return on assets (ROA) has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ROA started at 6.25% in March 2020, decreased slightly to 6.02% in June 2020, and then increased to 7.62% by September 2020. It saw a significant rise to 9.23% by December 2020 and continued to climb to 12.02% by March 2021, demonstrating strong asset utilization efficiency.
From June 2021 to December 2021, the ROA declined gradually from 12.70% to 8.12%, indicating a decrease in profitability in relation to the assets employed. The trend continued with a mild increase to 8.20% by March 2022, followed by relatively stable values around the 8% range until September 2022.
Subsequently, the ROA experienced a decline to 7.15% by December 2022 and fluctuated around the 6% range from March 2023 to September 2024, with the lowest point at 6.07% in December 2023. The ROA then showed a slight improvement to 6.51% by December 2024.
Overall, the ROA performance of Thermo Fisher Scientific Inc indicates variability in effectively generating profits from its assets over the evaluated period, with notable peaks and troughs in profitability ratios.
Peer comparison
Dec 31, 2024
See also:
Thermo Fisher Scientific Inc Return on Assets (ROA) (Quarterly Data)