Align Technology Inc (ALGN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 445,053 | 361,573 | 772,020 | 1,775,890 | 442,776 |
| Total assets | US$ in thousands | 6,083,880 | 5,947,950 | 5,942,110 | 4,829,680 | 2,500,700 |
| ROA | 7.32% | 6.08% | 12.99% | 36.77% | 17.71% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $445,053K ÷ $6,083,880K
= 7.32%
Align Technology, Inc.'s return on assets (ROA) has shown some fluctuations over the past five years. The ROA was 7.32% in 2023, an increase from the previous year's 6.08%. However, it is notably lower compared to the ROA in 2021, which was 12.99%. In 2020, Align Technology, Inc. achieved a significantly higher ROA of 36.77%, which may indicate exceptional performance efficiency during that year. The ROA in 2019 was 17.71%, which is higher than the most recent year but still lower than 2020. Overall, while the ROA has varied, indicating changes in the company's profitability and asset utilization, further analysis is needed to understand the factors driving these fluctuations over the years.
Peer comparison
Dec 31, 2023