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Intuitive Surgical ROE %

: 12.18% (As of Mar. 2022)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Intuitive Surgical's annualized net income attributable to common stockholders for the quarter that ended in Mar. 2022 was USD1,462 Mil. Intuitive Surgical's average Total Stockholders Equity over the quarter that ended in Mar. 2022 was USD12,002 Mil. Therefore, Intuitive Surgical's annualized ROE % for the quarter that ended in Mar. 2022 was 12.18%.

The historical rank and industry rank for Intuitive Surgical's ROE % or its related term are showing as below:

ISRG' s ROE % Range Over the Past 10 Years
Min: 11.79   Med: 15.53   Max: 21.09
Current: 14.57

During the past 13 years, Intuitive Surgical's highest ROE % was 21.09%. The lowest was 11.79%. And the median was 15.53%.

ISRG's ROE % is ranked better than
78.89% of 791 companies
in the Medical Devices & Instruments industry
Industry Median: 1.77 vs ISRG: 14.57

Intuitive Surgical ROE % Historical Data

The historical data trend for Intuitive Surgical's ROE % 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.

Intuitive Surgical Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.71 19.69 18.46 11.79 15.76

Intuitive Surgical Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
ROE % 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 17.15 19.71 13.68 13.06 12.18

Competitive Comparison

For the Medical Instruments & Supplies subindustry, Intuitive Surgical's ROE %, along with its competitors' market caps and ROE % 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.

   

Intuitive Surgical ROE % Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Intuitive Surgical's ROE % distribution charts can be found below:

* The bar in red indicates where Intuitive Surgical's ROE % falls into.



Intuitive Surgical ROE % Calculation

Intuitive Surgical's annualized ROE % for the fiscal year that ended in Dec. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Dec. 2021 )/( (Total Stockholders Equity (A: Dec. 2020 )+Total Stockholders Equity (A: Dec. 2021 ))/ count )
=1704.6/( (9731.5+11901.1)/ 2 )
=1704.6/10816.3
=15.76 %

Intuitive Surgical's annualized ROE % for the quarter that ended in Mar. 2022 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Mar. 2022 )/( (Total Stockholders Equity (Q: Dec. 2021 )+Total Stockholders Equity (Q: Mar. 2022 ))/ count )
=1462.4/( (11901.1+12102.3)/ 2 )
=1462.4/12001.7
=12.18 %

* 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 ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Mar. 2022) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Intuitive Surgical  (NAS:ISRG) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %**(Q: Mar. 2022 )
=Net Income/Total Stockholders Equity
=1462.4/12001.7
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1462.4 / 5950.8)*(5950.8 / 13616.7)*(13616.7 / 12001.7)
=Net Margin %*Asset Turnover*Equity Multiplier
=24.57 %*0.437*1.1346
=ROA %*Equity Multiplier
=10.74 %*1.1346
=12.18 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %**(Q: Mar. 2022 )
=Net Income/Total Stockholders Equity
=1462.4/12001.7
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (1462.4 / 1609.6) * (1609.6 / 1632.4) * (1632.4 / 5950.8) * (5950.8 / 13616.7) * (13616.7 / 12001.7)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9085 * 0.986 * 27.43 % * 0.437 * 1.1346
=12.18 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Mar. 2022) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Mar. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Intuitive Surgical ROE % Related Terms

Thank you for viewing the detailed overview of Intuitive Surgical's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Intuitive Surgical Business Description

Intuitive Surgical logo
Industry
Address
1020 Kifer Road, Sunnyvale, CA, USA, 94086-5304
Intuitive Surgical develops, produces, and markets a robotic system for assisting minimally invasive surgery. It also provides the instrumentation, disposable accessories, and warranty services for the system. The company has placed nearly 6,000 da Vinci systems in hospitals worldwide, with nearly 4,000 installations in the United States and a growing number in emerging markets.
Executives
Levy Alan J director C/O INTUITIVE SURGICAL INC 1266 KIFER RD SUNNYVALE CA 94086
Samath Jamie officer: SVP of Finance NATIONAL SEMICONDUCTOR 2900 SEMICONDUCTOR DR, M/S C1-640 SANTA CLARA CA 95051
Myriam Curet officer: EVP & Chief Medical Officer 1020 KIFER ROAD SUNNYVALE CA 94086
Andersen Reiter Kara officer: Sr VP General Counsel & CCO 1020 KIFER ROAD SUNNYVALE CA 94086
Rubash Mark J director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: RUBASH MARK J 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;}
Guthart Gary S director, officer: President & CEO C/O INTUITIVE SURGICAL INC 1266 KIFER RD SUNNYVALE CA 94086
Mohr Marshall officer: Executive VP & CFO C/O INTUITIVE SURGICAL, INC 1266 KIFER ROAD SUNNYVALE CA 94086
Rosa David J. officer: EVP and Chief Business Officer 1266 KIFER ROAD SUNNYVALE CA 94086
Desantis Robert officer: Executive VP & GM IA&E C/O INTUITIVE SURGICAL, INC. 1020 KIFER ROAD SUNNYVALE CA 94086
Johnson Amal M director C/O MELLANOX TECHNOLOGIES, INC. 350 OAKMEAD PARKWAY, SUITE 100 SUNNYVALE CA 94085
Ladd Amy L director INTUITIVE SURGICAL, INC 1020 KIFER RD SUNNYVALE CA 94086
Nachtsheim Jami K director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: NACHTSHEIM JAMI K 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;}
Smith Lonnie M director C/O INTUITIVE SURGICAL, INC. 1266 KIFER ROAD SUNNYVALE CA 94086
Beery Joseph C director C/O AMERICA WEST HOLDINGS CORPORATION 111 W RIO SALADO PARKWAY TEMPE AZ 85281
Kania Don R director C/O FEI COMPANY 5350 NE DAWSON CREEK DRIVE HILLSBORO OR 97124

Intuitive Surgical Headlines

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