AGCO Corporation (AGCO)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,171,400 | 889,600 | 897,000 | 427,100 | 125,200 |
| Total assets | US$ in thousands | 11,421,200 | 10,103,700 | 9,182,100 | 8,504,200 | 7,759,700 |
| ROA | 10.26% | 8.80% | 9.77% | 5.02% | 1.61% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,171,400K ÷ $11,421,200K
= 10.26%
AGCO Corp.'s return on assets (ROA) has shown a positive trend over the past five years, with consistent improvements from 2019 to 2023. ROA increased from 1.61% in 2019 to 10.26% in 2023, indicating that the company has been able to generate more profit relative to its assets over the years. This suggests that AGCO Corp. has been effectively utilizing its assets to generate earnings for its shareholders. The steady rise in ROA reflects the company's efficiency in generating profits from its assets and could indicate effective management of resources and operational performance. Overall, the increasing trend in ROA for AGCO Corp. signifies a positive performance in terms of asset utilization and profitability over the period.
Peer comparison
Dec 31, 2023