Return on Assets (ROA)
since 2005
Calculation
Intuitive Surgical Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income attributable to Intuitive Surgical, Inc.1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 12.39% | = | 100 | × | 2,322,600) | ÷ | 18,743,200) |
| Dec 31, 2023 | 11.64% | = | 100 | × | 1,798,000) | ÷ | 15,441,500) |
| Dec 31, 2022 | 10.19% | = | 100 | × | 1,322,300) | ÷ | 12,974,000) |
| Dec 31, 2021 | 12.58% | = | 100 | × | 1,704,600) | ÷ | 13,555,000) |
| Dec 31, 2020 | 9.50% | = | 100 | × | 1,060,600) | ÷ | 11,168,900) |
| Dec 31, 2019 | 14.17% | = | 100 | × | 1,379,300) | ÷ | 9,733,200) |
| Dec 31, 2018 | 14.37% | = | 100 | × | 1,127,900) | ÷ | 7,846,700) |
| Dec 31, 2017 | 11.46% | = | 100 | × | 660,000) | ÷ | 5,758,000) |
| Dec 31, 2016 | 11.34% | = | 100 | × | 735,900) | ÷ | 6,486,900) |
| Dec 31, 2015 | 12.00% | = | 100 | × | 588,800) | ÷ | 4,907,300) |
| Dec 31, 2014 | 10.58% | = | 100 | × | 418,800) | ÷ | 3,959,400) |
| Dec 31, 2013 | 16.99% | = | 100 | × | 671,000) | ÷ | 3,950,300) |
| Dec 31, 2012 | 16.18% | = | 100 | × | 656,600) | ÷ | 4,059,200) |
| Dec 31, 2011 | 16.16% | = | 100 | × | 495,100) | ÷ | 3,063,100) |
| Dec 31, 2010 | 15.97% | = | 100 | × | 381,800) | ÷ | 2,390,400) |
| Dec 31, 2009 | 12.85% | = | 100 | × | 232,606) | ÷ | 1,809,716) |
| Dec 31, 2008 | 13.86% | = | 100 | × | 204,315) | ÷ | 1,474,624) |
| Dec 31, 2007 | 13.90% | = | 100 | × | 144,537) | ÷ | 1,039,998) |
| Dec 31, 2006 | 10.72% | = | 100 | × | 72,044) | ÷ | 671,790) |
| Dec 31, 2005 | 18.77% | = | 100 | × | 94,134) | ÷ | 501,587) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
- Net Income
- The net income exhibits a marked growth trend over the examined period. Starting from approximately $94 million in 2005, there is a noticeable fluctuation but generally an upward trajectory. Significant increases occur between 2006 and 2008, with net income rising from around $72 million to over $204 million. After a dip in 2014 to about $419 million, the net income recovers strongly, reaching a peak of approximately $1.38 billion in 2019. Despite some volatility in the early 2020s, the income continues to grow robustly, culminating in an estimated $2.32 billion by the end of 2024.
- Total Assets
- Total assets consistently expand throughout the period, reflecting ongoing asset growth and possibly business expansion or capital investments. The assets increase from roughly $502 million in 2005 to $1.87 billion in 2024. Noteworthy increments occur between 2007 and 2012, as well as between 2015 and 2021, with intermittent periods of slower growth or slight declines, such as around 2013 and post-2021. The general pattern indicates sustained asset accumulation over time.
- Return on Assets (ROA)
- The return on assets ratio fluctuates moderately, ranging from about 9.5% to just under 19% throughout the period. ROA starts relatively high at nearly 19% in 2005 but decreases sharply in 2006. It remains mostly within the 11% to 17% range until about 2018, with intermittent dips including a notable drop to 9.5% in 2020. Recent years again show some recovery and positive movement, stabilizing near 12%. This variation suggests changes in efficiency in generating profit relative to assets but overall maintains a moderately strong performance.
In summary, the financial data reveal that the company has experienced substantial growth in both net income and total assets over the period analyzed. The return on assets indicates consistent yet variable efficiency in asset utilization for profit generation. The financial results highlight a successful expansion and increasing profitability, albeit with occasional fluctuations reflective of broader economic or operational factors.
Comparison to Competitors
Intuitive Surgical Inc., ROA, long-term trends, comparison to competitors
| Intuitive Surgical Inc. | Abbott Laboratories | CVS Health Corp. | Elevance Health Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2024 | 12.39% | 16.46% | 1.82% | 5.12% | 4.09% | 4.83% |
| Dec 31, 2023 | 11.64% | 7.82% | 3.34% | 5.50% | 4.13% | 8.18% |
| Dec 31, 2022 | 10.19% | 9.31% | 1.82% | 5.86% | 5.54% | 8.19% |
| Dec 31, 2021 | 12.58% | 9.40% | 3.39% | 6.26% | 3.87% | 8.15% |
| Dec 31, 2020 | 9.50% | 6.20% | 3.11% | 5.28% | 5.28% | 7.81% |
| Dec 31, 2019 | 14.17% | 5.43% | 2.98% | 6.21% | 5.16% | 7.96% |
| Dec 31, 2018 | 14.37% | 3.53% | -0.30% | 5.24% | 3.40% | 7.87% |
| Dec 31, 2017 | 11.46% | 0.63% | 6.96% | 5.45% | 4.04% | 7.59% |
| Dec 31, 2016 | 11.34% | 2.66% | 5.63% | 3.79% | 3.55% | 5.71% |
| Dec 31, 2015 | 12.00% | 10.72% | 5.59% | 4.15% | 2.51% | 5.22% |
| Dec 31, 2014 | 10.58% | 5.53% | 6.25% | 4.14% | 8.08% | 6.50% |
| Dec 31, 2013 | 16.99% | 6.00% | 6.42% | 4.18% | 9.95% | 6.87% |
| Dec 31, 2012 | 16.18% | 8.87% | 5.88% | 4.50% | 10.93% | 6.83% |
| Dec 31, 2011 | 16.16% | 7.84% | 5.36% | 5.09% | 10.18% | 7.57% |
| Dec 31, 2010 | 15.97% | 7.78% | 5.51% | 5.75% | 11.03% | 7.35% |
| Dec 31, 2009 | 12.85% | 10.96% | 6.00% | 9.10% | 9.17% | 6.47% |
| Dec 31, 2008 | 13.86% | 11.51% | 5.27% | 5.15% | 10.05% | 5.33% |
| Dec 31, 2007 | 13.90% | 9.08% | 4.82% | 6.43% | 14.36% | 9.14% |
| Dec 31, 2006 | 10.72% | 4.75% | 6.65% | 5.98% | 12.95% | 8.61% |
| Dec 31, 2005 | 18.77% | 11.57% | 8.01% | 4.79% | 10.86% | 7.98% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
Intuitive Surgical Inc., ROA, long-term trends, comparison to sector (health care equipment & services)
| Intuitive Surgical Inc. | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2024 | 12.39% | 5.17% |
| Dec 31, 2023 | 11.64% | 5.91% |
| Dec 31, 2022 | 10.19% | 5.77% |
| Dec 31, 2021 | 12.58% | 6.03% |
| Dec 31, 2020 | 9.50% | 5.44% |
| Dec 31, 2019 | 14.17% | 5.46% |
| Dec 31, 2018 | 14.37% | 3.71% |
| Dec 31, 2017 | 11.46% | 5.38% |
| Dec 31, 2016 | 11.34% | 4.64% |
| Dec 31, 2015 | 12.00% | 5.08% |
| Dec 31, 2014 | 10.58% | 6.08% |
| Dec 31, 2013 | 16.99% | 6.59% |
| Dec 31, 2012 | 16.18% | 7.19% |
| Dec 31, 2011 | 16.16% | 7.03% |
| Dec 31, 2010 | 15.97% | 7.18% |
| Dec 31, 2009 | 12.85% | 8.14% |
| Dec 31, 2008 | 13.86% | 6.92% |
| Dec 31, 2007 | 13.90% | 7.89% |
| Dec 31, 2006 | 10.72% | 7.31% |
| Dec 31, 2005 | 18.77% | 7.94% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
Intuitive Surgical Inc., ROA, long-term trends, comparison to industry (health care)
| Intuitive Surgical Inc. | Health Care | |
|---|---|---|
| Dec 31, 2024 | 12.39% | 5.25% |
| Dec 31, 2023 | 11.64% | 6.71% |
| Dec 31, 2022 | 10.19% | 8.71% |
| Dec 31, 2021 | 12.58% | 8.70% |
| Dec 31, 2020 | 9.50% | 5.45% |
| Dec 31, 2019 | 14.17% | 7.57% |
| Dec 31, 2018 | 14.37% | 6.72% |
| Dec 31, 2017 | 11.46% | 5.31% |
| Dec 31, 2016 | 11.34% | 7.18% |
| Dec 31, 2015 | 12.00% | 7.54% |
| Dec 31, 2014 | 10.58% | 8.41% |
| Dec 31, 2013 | 16.99% | 8.58% |
| Dec 31, 2012 | 16.18% | 7.94% |
| Dec 31, 2011 | 16.16% | 7.22% |
| Dec 31, 2010 | 15.97% | 7.11% |
| Dec 31, 2009 | 12.85% | 9.45% |
| Dec 31, 2008 | 13.86% | 9.08% |
| Dec 31, 2007 | 13.90% | 8.51% |
| Dec 31, 2006 | 10.72% | 10.37% |
| Dec 31, 2005 | 18.77% | 9.62% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).