Name: Return on Assets (ROA)

Definition: ROA shows how efficiently the company turns everything it owns — its entire asset base — into net profit after all costs and taxes. A higher ROA means the business squeezes more profit from its assets. Lower ROA might reflect poor asset utilization or heavy reliance on expensive financing.

Interpretation:
• In '2021', STSS's return on assets was -79.0%, representing returns generated from total assets. Industry average for Medical/Dental Instruments in '2021' stood at -48.7%.
• In '2022', STSS's return on assets was -52.3%, representing returns generated from total assets. The increase since '2021' reflects strengthening financial performance. Industry average for Medical/Dental Instruments in '2022' stood at -53.7%. Industry average declined by 5.0% from previous year.
• In '2023', STSS's return on assets was -83.3%, representing returns generated from total assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Medical/Dental Instruments in '2023' stood at -57.8%. Industry average declined by 4.1% from previous year.
• In '2024', STSS's return on assets was -97.3%, representing returns generated from total assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Medical/Dental Instruments in '2024' stood at -52.7%. Industry average increased by 5.1% compared to previous year.
Overall, STSS's return on assets has been volatile but showed a downward trend over the past 4 years.

Formula: ROA = Net Income / Total Assets

Good Range: Commonly 5%-15%.