Edwards Lifesciences Corp., ROA, long-term trends, calculation

	ROA	=	100	×	Net income¹	÷	Total assets¹
Dec 31, 2019	16.14%	=	100	×	1,046,900	÷	6,488,100
Dec 31, 2018	13.57%	=	100	×	722,200	÷	5,323,700
Dec 31, 2017	10.25%	=	100	×	583,600	÷	5,695,800
Dec 31, 2016	12.63%	=	100	×	569,500	÷	4,510,000
Dec 31, 2015	12.19%	=	100	×	494,900	÷	4,059,300
Dec 31, 2014	23.01%	=	100	×	811,100	÷	3,524,300
Dec 31, 2013	14.38%	=	100	×	391,700	÷	2,724,700
Dec 31, 2012	13.20%	=	100	×	293,200	÷	2,221,500
Dec 31, 2011	11.95%	=	100	×	236,700	÷	1,980,500
Dec 31, 2010	12.34%	=	100	×	218,000	÷	1,767,200
Dec 31, 2009	14.18%	=	100	×	229,100	÷	1,615,500
Dec 31, 2008	9.21%	=	100	×	128,900	÷	1,400,200
Dec 31, 2007	8.40%	=	100	×	113,000	÷	1,345,100
Dec 31, 2006	10.47%	=	100	×	130,500	÷	1,246,800
Dec 31, 2005	6.45%	=	100	×	79,300	÷	1,229,100

¹ US$ in thousands

Edwards Lifesciences Corp., ROA, long-term trends, comparison to competitors

	Edwards Lifesciences Corp.	Becton, Dickinson & Co.	Boston Scientific Corp.	Danaher Corp.	Intuitive Surgical Inc.	Medtronic PLC	Stryker Corp.	Thermo Fisher Scientific Inc.	UnitedHealth Group Inc.
Dec 31, 2019	16.14%	2.38%	15.38%	4.85%	14.17%	5.16%	6.90%	6.33%	7.96%
Dec 31, 2018	13.57%	0.58%	7.96%	5.54%	14.37%	3.40%	13.05%	5.22%	7.87%
Dec 31, 2017	10.25%	2.92%	0.55%	5.34%	11.46%	4.04%	4.60%	3.93%	7.59%
Dec 31, 2016	12.63%	3.81%	1.92%	5.64%	11.34%	3.55%	8.06%	4.40%	5.71%
Dec 31, 2015	12.19%	2.59%	-1.32%	6.96%	12.00%	2.51%	8.86%	4.83%	5.22%
Dec 31, 2014	23.01%	9.52%	-0.70%	7.02%	10.58%	8.08%	2.91%	4.42%	6.50%
Dec 31, 2013	14.38%	10.64%	-0.73%	7.77%	16.99%	9.95%	6.39%	4.00%	6.87%
Dec 31, 2012	13.20%	10.30%	-23.71%	7.26%	16.18%	10.93%	9.83%	4.29%	6.83%
Dec 31, 2011	11.95%	12.19%	2.07%	7.25%	16.16%	10.18%	10.84%	4.96%	7.57%
Dec 31, 2010	12.34%	13.65%	-4.81%	8.07%	15.97%	11.03%	11.69%	4.85%	7.35%
Dec 31, 2009	14.18%	13.24%	-4.07%	5.88%	12.85%	9.17%	12.21%	3.93%	6.47%
Dec 31, 2008	9.21%	14.24%	-7.50%	7.53%	13.86%	10.05%	15.10%	4.71%	5.33%
Dec 31, 2007	8.40%	12.14%	-1.59%	7.84%	13.90%	14.36%	13.83%	3.59%	9.14%
Dec 31, 2006	10.47%	11.02%	-11.50%	8.72%	10.72%	12.95%	13.24%	0.79%	8.61%
Dec 31, 2005	6.45%	11.90%	7.66%	9.80%	18.77%	10.86%	13.66%	5.25%	7.98%

Edwards Lifesciences Corp., ROA, long-term trends, comparison to sector (health care equipment & services)

	Edwards Lifesciences Corp.	Health Care Equipment & Services
Dec 31, 2019	16.14%	6.95%
Dec 31, 2018	13.57%	6.06%
Dec 31, 2017	10.25%	5.26%
Dec 31, 2016	12.63%	4.99%
Dec 31, 2015	12.19%	4.45%
Dec 31, 2014	23.01%	6.18%
Dec 31, 2013	14.38%	6.95%
Dec 31, 2012	13.20%	5.43%
Dec 31, 2011	11.95%	7.60%
Dec 31, 2010	12.34%	6.99%
Dec 31, 2009	14.18%	5.72%
Dec 31, 2008	9.21%	4.99%
Dec 31, 2007	8.40%	7.15%
Dec 31, 2006	10.47%	4.16%
Dec 31, 2005	6.45%	9.12%

Edwards Lifesciences Corp., ROA, long-term trends, comparison to industry (health care)

Edwards Lifesciences Corp. (NYSE:EW)

Return on Assets (ROA)
since 2005