Analysis of Investments
Adjustment to Net Income (Loss): Mark to Market Available-for-sale Securities
Thermo Fisher Scientific Inc., adjustment to net income
US$ in millions
Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-25).
Adjusted Profitability Ratios: Mark to Market Available-for-sale Securities (Summary)
Thermo Fisher Scientific Inc., adjusted profitability ratios
Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-25).
Profitability ratio | Description | The company |
---|---|---|
Adjusted net profit margin | An indicator of profitability, calculated as adjusted net income divided by revenue. | Thermo Fisher Scientific Inc.’s adjusted net profit margin ratio improved from 2017 to 2018 and from 2018 to 2019. |
Adjusted ROE | A profitability ratio calculated as adjusted net income divided by shareholders’ equity. | Thermo Fisher Scientific Inc.’s adjusted ROE improved from 2017 to 2018 and from 2018 to 2019. |
Adjusted ROA | A profitability ratio calculated as adjusted net income divided by total assets. | Thermo Fisher Scientific Inc.’s adjusted ROA improved from 2017 to 2018 and from 2018 to 2019. |
Thermo Fisher Scientific Inc., Profitability Ratios: Reported vs. Adjusted
Adjusted Net Profit Margin
Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-25).
2019 Calculations
1 Net profit margin = 100 × Net income ÷ Revenues
= 100 × 3,696 ÷ 25,542 = 14.47%
2 Adjusted net profit margin = 100 × Adjusted net income ÷ Revenues
= 100 × 3,696 ÷ 25,542 = 14.47%
Profitability ratio | Description | The company |
---|---|---|
Adjusted net profit margin | An indicator of profitability, calculated as adjusted net income divided by revenue. | Thermo Fisher Scientific Inc.’s adjusted net profit margin ratio improved from 2017 to 2018 and from 2018 to 2019. |
Adjusted Return on Equity (ROE)
Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-25).
2019 Calculations
1 ROE = 100 × Net income ÷ Shareholders’ equity
= 100 × 3,696 ÷ 29,675 = 12.45%
2 Adjusted ROE = 100 × Adjusted net income ÷ Shareholders’ equity
= 100 × 3,696 ÷ 29,675 = 12.45%
Profitability ratio | Description | The company |
---|---|---|
Adjusted ROE | A profitability ratio calculated as adjusted net income divided by shareholders’ equity. | Thermo Fisher Scientific Inc.’s adjusted ROE improved from 2017 to 2018 and from 2018 to 2019. |
Adjusted Return on Assets (ROA)
Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-25).
2019 Calculations
1 ROA = 100 × Net income ÷ Total assets
= 100 × 3,696 ÷ 58,381 = 6.33%
2 Adjusted ROA = 100 × Adjusted net income ÷ Total assets
= 100 × 3,696 ÷ 58,381 = 6.33%
Profitability ratio | Description | The company |
---|---|---|
Adjusted ROA | A profitability ratio calculated as adjusted net income divided by total assets. | Thermo Fisher Scientific Inc.’s adjusted ROA improved from 2017 to 2018 and from 2018 to 2019. |