Arcosa Inc (ACA)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 159,200 | 245,800 | 69,600 | 106,600 | 113,300 |
| Total assets | US$ in thousands | 3,577,900 | 3,340,600 | 3,188,100 | 2,646,700 | 2,302,500 |
| ROA | 4.45% | 7.36% | 2.18% | 4.03% | 4.92% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $159,200K ÷ $3,577,900K
= 4.45%
Arcosa Inc's return on assets (ROA) has exhibited variability over the past five years. In 2023, the ROA was 4.45%, representing a decrease from the previous year's 7.33%. Despite this decrease, the 2023 ROA remains higher than the levels recorded in 2021 and 2020, which were 2.17% and 4.00%, respectively. The highest ROA in the provided dataset was in 2019 at 4.87%.
The declining trend in ROA from 2022 to 2023 may indicate potential challenges in generating profits from the assets employed by the company during the period. It is essential for Arcosa Inc to assess the efficiency of its asset utilization and profitability to improve its ROA performance and enhance overall financial health.
Peer comparison
Dec 31, 2023