Stock Analysis on Net
Stock Analysis on Net

Stryker Corp. (NYSE:SYK)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Stryker Corp., ROA, long-term trends, calculation

Microsoft Excel
ROA = 100 × Net earnings1 ÷ Total assets1
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
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Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 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 millions

The financial data reveals several distinct trends over the examined period. Net earnings demonstrated an overall upward trajectory from 2005 through 2011, growing from 675 million US dollars to a peak of 1,345 million. Thereafter, earnings experienced significant volatility, declining substantially in 2013 and 2014, reaching a low of 515 million. A notable recovery occurred in 2015 and 2016, followed by another pronounced increase peaking at 3,553 million in 2018. This spike was succeeded by a decrease in subsequent years, with net earnings stabilizing around 1,600 to 2,000 million by 2021.

Total assets consistently increased throughout the period with steady growth from 4,944 million in 2005 to 34,631 million in 2021. Although the rate of growth varied, the asset base more than sextupled over the analyzed years, indicating substantial expansion and accumulation of resources.

Return on Assets (ROA) showed a fluctuating pattern generally reflecting the trends seen in net earnings but with notable differences. Initially, ROA was strong, above 13% through 2008, before declining steadily to a low of 2.91% in 2013, closely aligning with the drop in net earnings. A partial recovery followed with ROA climbing above 8% by 2015 and 2016, but then declined again, reaching one of its lowest points at 4.6% in 2017 despite relatively high earnings the prior year. A sharp rebound occurred in 2018 coinciding with the earnings peak, pushing ROA back over 13%, yet it reversed afterward, settling in the mid-single digits through 2021.

Overall, the data indicates a pattern of marked earnings volatility amid steady asset growth. The fluctuations in ROA suggest varying efficiency in utilizing assets to generate profits during these years, with several periods of declining profitability relative to asset size despite asset expansion. The company’s ability to convert its asset base into earnings showed periods of both strength and weakness, reflecting dynamic operational and market conditions across the timeframe.

Net Earnings
Strong growth from 2005 to 2011; significant volatility thereafter with a major peak in 2018 and subsequent stabilization at lower levels.
Total Assets
Consistent and substantial growth with the asset base increasing over sixfold from 2005 to 2021.
Return on Assets (ROA)
High and stable in early years; pronounced declines aligned with earnings dips; brief recoveries; volatility indicating fluctuating asset utilization efficiency.

Comparison to Competitors

Stryker Corp., ROA, long-term trends, comparison to competitors

Microsoft Excel
Stryker Corp. Abbott Laboratories CVS Health Corp. Elevance Health Inc. Intuitive Surgical Inc. Medtronic PLC UnitedHealth Group Inc.
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
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Dec 31, 2014
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Dec 31, 2012
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Dec 31, 2005

Based on: 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)

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

Microsoft Excel
Stryker Corp. Health Care Equipment & Services
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
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Dec 31, 2013
Dec 31, 2012
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Based on: 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)

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

Microsoft Excel
Stryker Corp. Health Care
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
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Based on: 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).