AAON Inc (AAON)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 168,559 | 177,623 | 100,376 | 58,758 | 79,009 |
| Total assets | US$ in thousands | 1,175,230 | 941,436 | 813,903 | 650,180 | 449,008 |
| ROA | 14.34% | 18.87% | 12.33% | 9.04% | 17.60% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $168,559K ÷ $1,175,230K
= 14.34%
The return on assets (ROA) for AAON Inc has shown fluctuations over the past five years. The trend indicates a gradual decrease from 17.60% in December 2020 to 9.04% in December 2021. However, there was a subsequent increase to 12.33% in December 2022, followed by a significant rise to 18.87% in December 2023. In the most recent year, December 2024, the ROA slightly decreased to 14.34%.
Overall, AAON Inc's ROA demonstrates variability in performance over the period under review. The company's ability to generate profits from its assets has fluctuated but has generally improved from 2021 onwards, with a particularly strong performance in 2023. It would be advisable to continue monitoring the ROA to assess the company's efficiency in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2024