Return on Assets (ROA)
since 2005
Calculation
Baxter International Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income attributable to Baxter1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2015 | 4.62% | = | 100 | × | 968) | ÷ | 20,975) |
| Dec 31, 2014 | 9.63% | = | 100 | × | 2,497) | ÷ | 25,917) |
| Dec 31, 2013 | 7.78% | = | 100 | × | 2,012) | ÷ | 25,869) |
| Dec 31, 2012 | 11.41% | = | 100 | × | 2,326) | ÷ | 20,390) |
| Dec 31, 2011 | 11.66% | = | 100 | × | 2,224) | ÷ | 19,073) |
| Dec 31, 2010 | 8.12% | = | 100 | × | 1,420) | ÷ | 17,489) |
| Dec 31, 2009 | 12.71% | = | 100 | × | 2,205) | ÷ | 17,354) |
| Dec 31, 2008 | 13.07% | = | 100 | × | 2,014) | ÷ | 15,405) |
| Dec 31, 2007 | 11.16% | = | 100 | × | 1,707) | ÷ | 15,294) |
| Dec 31, 2006 | 9.51% | = | 100 | × | 1,397) | ÷ | 14,686) |
| Dec 31, 2005 | 7.51% | = | 100 | × | 956) | ÷ | 12,727) |
Based on: 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 millions
The financial data indicates several observable trends over the eleven-year period ending in 2015.
- Net income attributable to Baxter
- Net income generally increased from 956 million US dollars in 2005 to a peak of 2497 million US dollars in 2014. This upward trend demonstrates a period of profitability growth, particularly strong between 2005 and 2009. However, there is a notable decline in 2010, when net income fell to 1420 million US dollars, followed by a recovery in subsequent years, reaching a secondary peak in 2014. A sharp decrease is observed in 2015, with net income dropping significantly to 968 million US dollars, indicating potential challenges or extraordinary expenses during that year.
- Total assets
- Total assets exhibit consistent growth from 12727 million US dollars in 2005 to a maximum of 25917 million US dollars in 2014, reflecting expansion or asset acquisition. In 2015, total assets decrease to 20975 million US dollars, marking a significant contraction compared to the previous year. This decline may suggest asset sales, write-downs, or restructuring activities.
- Return on assets (ROA)
- The ROA metric shows incremental growth from 7.51% in 2005 up to a peak of 13.07% in 2008, indicating improved efficiency in generating profit from assets. Following 2008, ROA fluctuates, decreasing notably to 8.12% in 2010 and somewhat recovering afterwards but never reaching the 2008 peak again. The ratio declines sharply to 4.62% in 2015, correlating with the lowered net income and reduced asset base in that year, and suggesting decreased profitability relative to assets.
Overall, the data reveals a period of strong growth in profitability and asset base through 2014, followed by substantial declines in 2015 across net income, total assets, and ROA, signaling a possible adverse event or strategic shift affecting financial performance and asset management.
Comparison to Competitors
Baxter International Inc., ROA, long-term trends, comparison to competitors
| Baxter International Inc. | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2015 | 4.62% | 10.72% | 4.15% | 12.00% | 2.51% | 5.22% |
| Dec 31, 2014 | 9.63% | 5.53% | 4.14% | 10.58% | 8.08% | 6.50% |
| Dec 31, 2013 | 7.78% | 6.00% | 4.18% | 16.99% | 9.95% | 6.87% |
| Dec 31, 2012 | 11.41% | 8.87% | 4.50% | 16.18% | 10.93% | 6.83% |
| Dec 31, 2011 | 11.66% | 7.84% | 5.09% | 16.16% | 10.18% | 7.57% |
| Dec 31, 2010 | 8.12% | 7.78% | 5.75% | 15.97% | 11.03% | 7.35% |
| Dec 31, 2009 | 12.71% | 10.96% | 9.10% | 12.85% | 9.17% | 6.47% |
| Dec 31, 2008 | 13.07% | 11.51% | 5.15% | 13.86% | 10.05% | 5.33% |
| Dec 31, 2007 | 11.16% | 9.08% | 6.43% | 13.90% | 14.36% | 9.14% |
| Dec 31, 2006 | 9.51% | 4.75% | 5.98% | 10.72% | 12.95% | 8.61% |
| Dec 31, 2005 | 7.51% | 11.57% | 4.79% | 18.77% | 10.86% | 7.98% |
Based on: 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)
Baxter International Inc., ROA, long-term trends, comparison to sector (health care equipment & services)
| Baxter International Inc. | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2015 | 4.62% | 4.93% |
| Dec 31, 2014 | 9.63% | 6.03% |
| Dec 31, 2013 | 7.78% | 6.64% |
| Dec 31, 2012 | 11.41% | 7.54% |
| Dec 31, 2011 | 11.66% | 7.54% |
| Dec 31, 2010 | 8.12% | 7.69% |
| Dec 31, 2009 | 12.71% | 8.84% |
| Dec 31, 2008 | 13.07% | 7.51% |
| Dec 31, 2007 | 11.16% | 8.92% |
| Dec 31, 2006 | 9.51% | 7.40% |
| Dec 31, 2005 | 7.51% | 7.94% |
Based on: 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)
Baxter International Inc., ROA, long-term trends, comparison to industry (health care)
| Baxter International Inc. | Health Care | |
|---|---|---|
| Dec 31, 2015 | 4.62% | 7.71% |
| Dec 31, 2014 | 9.63% | 8.59% |
| Dec 31, 2013 | 7.78% | 8.76% |
| Dec 31, 2012 | 11.41% | 8.09% |
| Dec 31, 2011 | 11.66% | 7.36% |
| Dec 31, 2010 | 8.12% | 7.24% |
| Dec 31, 2009 | 12.71% | 9.73% |
| Dec 31, 2008 | 13.07% | 9.50% |
| Dec 31, 2007 | 11.16% | 8.88% |
| Dec 31, 2006 | 9.51% | 10.52% |
| Dec 31, 2005 | 7.51% | 9.67% |
Based on: 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).