Advanced Energy Industries Inc (AEIS)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 128,284 | 199,660 | 134,736 | 134,675 | 64,941 |
| Total assets | US$ in thousands | 2,556,760 | 1,992,170 | 1,817,340 | 1,647,660 | 1,532,410 |
| ROA | 5.02% | 10.02% | 7.41% | 8.17% | 4.24% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $128,284K ÷ $2,556,760K
= 5.02%
The return on assets (ROA) for Advanced Energy Industries Inc. has fluctuated over the past five years. In 2023, the ROA decreased to 5.02% from the previous year's 10.02%, indicating a decline in the company's ability to generate earnings from its assets. However, the ROA in 2023 was still higher than the ROA in 2019, which suggests an improvement in asset utilization compared to five years ago.
Overall, the varying ROA figures reflect changes in the company's profitability and efficiency in utilizing its assets to generate income. Further analysis would be needed to understand the specific factors driving these fluctuations and to assess the company's overall financial health and performance.
Peer comparison
Dec 31, 2023