Return on Assets (ROA)
since 2005
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Medtronic PLC pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Price to Book Value (P/BV) since 2005
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Calculation
Medtronic PLC, ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income attributable to Medtronic1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Apr 25, 2025 | = | 100 | × | ÷ | |||
| Apr 26, 2024 | = | 100 | × | ÷ | |||
| Apr 28, 2023 | = | 100 | × | ÷ | |||
| Apr 29, 2022 | = | 100 | × | ÷ | |||
| Apr 30, 2021 | = | 100 | × | ÷ | |||
| Apr 24, 2020 | = | 100 | × | ÷ | |||
| Apr 26, 2019 | = | 100 | × | ÷ | |||
| Apr 27, 2018 | = | 100 | × | ÷ | |||
| Apr 28, 2017 | = | 100 | × | ÷ | |||
| Apr 29, 2016 | = | 100 | × | ÷ | |||
| Apr 24, 2015 | = | 100 | × | ÷ | |||
| Apr 25, 2014 | = | 100 | × | ÷ | |||
| Apr 26, 2013 | = | 100 | × | ÷ | |||
| Apr 27, 2012 | = | 100 | × | ÷ | |||
| Apr 29, 2011 | = | 100 | × | ÷ | |||
| Apr 30, 2010 | = | 100 | × | ÷ | |||
| Apr 24, 2009 | = | 100 | × | ÷ | |||
| Apr 25, 2008 | = | 100 | × | ÷ | |||
| Apr 27, 2007 | = | 100 | × | ÷ | |||
| Apr 28, 2006 | = | 100 | × | ÷ | |||
| Apr 29, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).
1 US$ in millions
- Net Income Attributable to Medtronic (US$ in millions)
- The net income showed an overall growth trend across the 20-year period, rising from $1,804 million in 2005 to a peak of $5,039 million in 2022. However, fluctuations are apparent, including periods of decline, notably between 2007 and 2009, and again around 2013 to 2015. The net income experienced recovery after these downturns, with substantial increases in 2016 and 2019. Recent years show variability with a peak in 2022 followed by a decline and subsequent partial recovery through 2025.
- Total Assets (US$ in millions)
- Total assets demonstrated a significant increase over the timeframe, starting at $16,617 million in 2005 and rising sharply to $106,685 million in 2015, reflecting substantial growth and possibly strategic acquisitions or asset accumulation. After 2015, totals stabilized somewhat, fluctuating around the $90,000 million mark with minor variations year to year, indicating a plateau in asset base expansion during the latter part of the period.
- Return on Assets (ROA, %)
- ROA showed a declining trend from high levels in the early years, decreasing from 10.86% in 2005 to a low of 2.51% in 2014. Post-2014, ROA improved moderately but remained below earlier peak values, fluctuating between approximately 3.4% and 5.54% through 2025. This pattern suggests that despite growth in net income and assets, asset efficiency in generating returns diminished over time, stabilizing at a lower level in recent years.
- Overall Analysis
- The data reveals a company with increasing scale as evidenced by the marked growth in total assets until mid-period, followed by stabilization. Net income trends reflect periods of both growth and contraction, indicating sensitivity to external or internal challenges but with recovery capacity. The decline in ROA suggests that asset growth outpaced profitability gains, resulting in reduced efficiency of asset use. Recent years show attempts at improving profitability ratios, albeit not reaching early period performance levels.
Comparison to Competitors
Medtronic PLC, ROA, long-term trends, comparison to competitors
| Medtronic PLC | Abbott Laboratories | CVS Health Corp. | Elevance Health Inc. | Intuitive Surgical Inc. | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Apr 25, 2025 | ||||||
| Apr 26, 2024 | ||||||
| Apr 28, 2023 | ||||||
| Apr 29, 2022 | ||||||
| Apr 30, 2021 | ||||||
| Apr 24, 2020 | ||||||
| Apr 26, 2019 | ||||||
| Apr 27, 2018 | ||||||
| Apr 28, 2017 | ||||||
| Apr 29, 2016 | ||||||
| Apr 24, 2015 | ||||||
| Apr 25, 2014 | ||||||
| Apr 26, 2013 | ||||||
| Apr 27, 2012 | ||||||
| Apr 29, 2011 | ||||||
| Apr 30, 2010 | ||||||
| Apr 24, 2009 | ||||||
| Apr 25, 2008 | ||||||
| Apr 27, 2007 | ||||||
| Apr 28, 2006 | ||||||
| Apr 29, 2005 |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).
Comparison to Sector (Health Care Equipment & Services)
Medtronic PLC, ROA, long-term trends, comparison to sector (health care equipment & services)
| Medtronic PLC | Health Care Equipment & Services | |
|---|---|---|
| Apr 25, 2025 | ||
| Apr 26, 2024 | ||
| Apr 28, 2023 | ||
| Apr 29, 2022 | ||
| Apr 30, 2021 | ||
| Apr 24, 2020 | ||
| Apr 26, 2019 | ||
| Apr 27, 2018 | ||
| Apr 28, 2017 | ||
| Apr 29, 2016 | ||
| Apr 24, 2015 | ||
| Apr 25, 2014 | ||
| Apr 26, 2013 | ||
| Apr 27, 2012 | ||
| Apr 29, 2011 | ||
| Apr 30, 2010 | ||
| Apr 24, 2009 | ||
| Apr 25, 2008 | ||
| Apr 27, 2007 | ||
| Apr 28, 2006 | ||
| Apr 29, 2005 |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).
Comparison to Industry (Health Care)
Medtronic PLC, ROA, long-term trends, comparison to industry (health care)
| Medtronic PLC | Health Care | |
|---|---|---|
| Apr 25, 2025 | ||
| Apr 26, 2024 | ||
| Apr 28, 2023 | ||
| Apr 29, 2022 | ||
| Apr 30, 2021 | ||
| Apr 24, 2020 | ||
| Apr 26, 2019 | ||
| Apr 27, 2018 | ||
| Apr 28, 2017 | ||
| Apr 29, 2016 | ||
| Apr 24, 2015 | ||
| Apr 25, 2014 | ||
| Apr 26, 2013 | ||
| Apr 27, 2012 | ||
| Apr 29, 2011 | ||
| Apr 30, 2010 | ||
| Apr 24, 2009 | ||
| Apr 25, 2008 | ||
| Apr 27, 2007 | ||
| Apr 28, 2006 | ||
| Apr 29, 2005 |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).