Ametek Inc (AME)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,313,190	1,159,540	990,053	872,439	861,297
Total assets	US$ in thousands	15,023,500	12,431,100	11,898,200	10,357,500	9,844,560
ROA		8.74%	9.33%	8.32%	8.42%	8.75%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $1,313,190K ÷ $15,023,500K
= 8.74%

Based on the data provided for Ametek Inc between the years 2019 and 2023, the company's Return on Assets (ROA) has fluctuated within a relatively narrow range. The ROA stood at 8.75% in 2019, dropped to 8.42% in 2020, saw a slight increase to 8.32% in 2021, then improved to 9.33% in 2022, before declining to 8.74% in 2023.

Overall, the company's ROA has shown some variability but generally maintained a healthy level, indicating its ability to generate earnings relative to its assets. A higher ROA suggests that the company is more efficient in utilizing its assets to generate profits, while a lower ROA may indicate inefficiencies or challenges in asset management or operational performance. It is important to consider industry benchmarks and trends over time to assess how Ametek Inc's ROA performance compares within its sector.