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Thermo Fisher Scientific ROA %

: 10.94% (As of Jun. 2021)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Thermo Fisher Scientific's annualized Net Income for the quarter that ended in Jun. 2021 was $7,312 Mil. Thermo Fisher Scientific's average Total Assets over the quarter that ended in Jun. 2021 was $66,815 Mil. Therefore, Thermo Fisher Scientific's annualized ROA % for the quarter that ended in Jun. 2021 was 10.94%.

The historical rank and industry rank for Thermo Fisher Scientific's ROA % or its related term are showing as below:

NYSE:TMO' s ROA % Range Over the Past 10 Years
Min: 4.29   Med: 4.9   Max: 13.09
Current: 13.09

4.29
13.09

During the past 13 years, Thermo Fisher Scientific's highest ROA % was 13.09%. The lowest was 4.29%. And the median was 4.90%.

NYSE:TMO's ROA % is ranked higher than
78% of the 112 Companies
in the Medical Diagnostics & Research industry.

( Industry Median: -7.89 vs. NYSE:TMO: 13.09 )

Thermo Fisher Scientific ROA % Historical Data

The historical data trend for Thermo Fisher Scientific's ROA % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Thermo Fisher Scientific Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROA %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.66 4.34 5.20 6.45 10.01

Thermo Fisher Scientific Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
ROA % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.69 12.31 15.01 13.85 10.94

Competitive Comparison

For the Diagnostics & Research subindustry, Thermo Fisher Scientific's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Thermo Fisher Scientific ROA % Distribution

For the Medical Diagnostics & Research industry and Healthcare sector, Thermo Fisher Scientific's ROA % distribution charts can be found below:

* The bar in red indicates where Thermo Fisher Scientific's ROA % falls into.



Thermo Fisher Scientific ROA % Calculation

Thermo Fisher Scientific's annualized ROA % for the fiscal year that ended in Dec. 2020 is calculated as:

ROA %=Net Income (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=6375/( (58381+69052)/ 2 )
=6375/63716.5
=10.01 %

Thermo Fisher Scientific's annualized ROA % for the quarter that ended in Jun. 2021 is calculated as:

ROA %=Net Income (Q: Jun. 2021 )/( (Total Assets (Q: Mar. 2021 )+Total Assets (Q: Jun. 2021 ))/ count )
=7312/( (65931+67698)/ 2 )
=7312/66814.5
=10.94 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jun. 2021) net income data. ROA % is displayed in the 30-year financial page.


Thermo Fisher Scientific  (NYSE:TMO) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Jun. 2021 )
=Net Income/Total Assets
=7312/66814.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(7312 / 37092)*(37092 / 66814.5)
=Net Margin %*Asset Turnover
=19.71 %*0.5551
=10.94 %

Note: The Net Income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Thermo Fisher Scientific ROA % Related Terms

Thank you for viewing the detailed overview of Thermo Fisher Scientific's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Thermo Fisher Scientific Business Description

Thermo Fisher Scientific logo
Industry
Address
168 Third Avenue, Waltham, MA, USA, 02451
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. The firm operates through four segments (revenue figures include some cross-segment revenue): analytical technologies (16% of sales); specialty diagnostic products (17%); life science solutions (38%); and lab products and services (38%).
Executives
Hornstra Peter E officer: VP & Chief Accounting Officer 81 WYMAN ST POST OFFICE BOX 9046 WALTHAM MA 02454
Sperling Scott M director C/O THOMAS H. LEE PARTNERS, L.P. 100 FEDERAL STREET, 35TH FLOOR BOSTON MA 02110
Jafry Syed A. officer: Sr. Vice President 345 E. MAIN STREET WARSAW IN 46580
Boxer Michael A officer: Sr. VP and Gen. Counsel 168 THIRD AVENUE WALTHAM MA 02451
Lagarde Michel officer: Executive Vice President 450 LEXINGTON AVE., 31ST FLOOR NEW YORK NY 10017
Casper Marc N director, officer: Chairman & CEO C/O THERMO FISHER SCIENTIFIC 168 THIRD AVENUE WALTHAM MA 02451
Williamson Stephen officer: Sr. VP and CFO 81 WYMAN STREET WALTHAM MA 02451
Stevenson Mark officer: Executive Vice President & COO 850 LINCOLN CENTRE DRIVE FOSTER CITY CA 94404
Manzi Jim P director 81 WYMAN ST POST OFFICE BOX 9046 WALTHAM MA 02454
Jacks Tyler director 77 MASSACHUSETTS AVENUE E17-517 CAMBRIDGE MA 02139
Chai Nelson director C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Sorensen Lars Rebien director C/O ZYMOGENETICS, INC. 1201 EASTLAKE AVENUE SEATTLE WA 98102
Spar Debora L director C/O GOLDMAN, SACHS & CO. 200 WEST STREET NEW YORK NY 10282
Lewent Judy C director PO BOX 100 WHITEHOUSE STATION NJ 08889
Harris C Martin director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HARRIS C MARTIN a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}

Thermo Fisher Scientific Headlines

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